Do you want a re-occuring line of credit, or do you want to pay your HML back and put your money into another deal?

If you payoff the loan too soon you may find yourself not getting too good of service from that lender going forward since they just did all that work for nothing, aka they got their commission charged back from them.Aside from the professional courtesy to your prior lender the other issue might be another round of closing costs which are about 3200 -3500 dollars for the regular non reoccurring closing items (lender fee, escrow, title, notary, processing, recording, etc).

Total charge paid for changing the AC filter was $239 ($89 trip fee + 2 hrs labor @ $75 per hour) which I reimbursed to the tenants.Please note a Frozen AC unit once thawed will start to work again until it goes through a state that would cause it to freeze again.Three weeks later, the AC froze up for the 2nd time and my tenant said that we can call the same company again as it has been less than a month and the same issue has reoccurred.

I’ll get the ball rolling with this one: 1.Accepting reoccurring Credit Card payments for rent.

@Cameron DyeGreat responses here so far, go through these and take note on the ones you see reoccurring.

I would also add that $2500 start up costs does not include all the extra reoccurring fees, monthly and annually. 

@Jason DiClemente this has been the reoccurring issue for the last 2-3 months, I start the eviction process on the 5th day (VA Laws) go through the process, add late fees , they pay the rent to avoid eviction, and then push back on the late fees.  

So really, my only monthly reoccurring cost has been the HELOC. 

If you put those under the fold, then the capitalized value is missing one of the biggest reoccurring expenses of running property. 

I'll be sure to upgrade and support things as well.Do anybody have any re-occuring REI groups in NJ that they would like to mention?