I also wouldn't do anything (either reinvesting or paying down) until I had "sufficient" reserves to meet an emergency (your definition of sufficient will be different from mine).A good compromise would be to save half of your rental income for reinvesting and half towards paying down mortgages for a plan that's still workable, but accomplishes the twin goals of more properties + lower mortgages.

If you are confident that you can quickly get another quality tenant in there then I would not compromise on the rent.

I'm definitely trying to learn when and how much to compromise when deals are harder to find.

Don't want to walk in on people and scare them or find them in a compromising or embarrassing situation..

Tearing down shared walls opens the possibility of compromising the integrity of those walls. 

*Security - home should protect security of property (security not as in weather or burglars but as in collateral) *Soundness - home shouldn't have any physical deficiencies that compromise structural integrity.AAn appraiser usually comes out to the property, conducts their inspections and documents all observations and expert opinion.

On the last house I tried a compromise - two sides drywall and on the other two sides we just painted the block wall which was in nice condition.

That said, if I had to choose, I will often do the exterior first, for a couple reasons: - I want to ensure that the exterior is not compromised, which can allow water/rodents/etc to hurt the inside; - I want to begin to build curb appeal to create buzz in the neighborhood and start attracting potential buyers. 2.

In fact, it's not even enough time to resell to an FHA buyer, which in this market, may compromise a large part of your buyer demographic.I would highly consider extending the loan to at least 4 months, and more likely 6-12 months; at very least, have terms in place for the investor to extend the loan if necessary.Lastly, stick with experienced flippers.

AGREEMENT TO COMPROMISE DEBTMax Creditor, referred to as CREDITOR and Jane Doe, referred to as DEBTOR, agree to compromise the indebtedness as between them.