We're starting to think about how we will update/add value to the house, and as part of the consideration, we're deciding between adding a fourth bathroom to part of the living area (better cash flow), or opening up the walls between the kitchen and living areas to create an open floor concept (forced appreciation).

In 18 months we have acquired 3 assets, and making offer on a fourth. 

Fourth - Lenders don't really allow self-help because of the risk/liability.

At the end of the month, quarter or year, any money left over you decide if you want to reinvest it to pick up more properties or take it as dividends split evenly between you and your partner. 

For the rare tenant who still complains, if we think it is a good, long-term tenant with a clean house so likely the neighbors causing the issue, we'll just hire a service and set up auto-pay quarterly as long as tenant agrees to schedule quarterly treatments without missing them. 

Fourth is a cordless 12V lithium Harbor Freight.

But the fact that she only paid a quarter of her rent less than a week after she was let go says to me that paying rent is either extremely low on her priority list or that she is irresponsible with her finances. 

Currently house hacking and living rent free in the Mother-In-Law quarters with long term tenants in the main unit.

Due to the global pandemic going on, we are expected to receive less money back from our borrowers this quarter.

Investment Info:

Townhouse buy & hold investment in Moody.

Purchase price: $142,000

Cash invested: $39,772

Three bedroom and 3 bath townhouse in Moody, AL

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