Also check that you accounted for all of the monthly expenses that eat away at your cash flow.

Worst case is there is damage that eats up the deposit but as long as he is gone focus forward on getting it turned over and rented out.  

I was afraid that she was going to file bankruptcy when she got over loaded and the BK court would force me to let her live in my rental without rent until they settled her issues.Her debt was mostly credit cards, used the $ on trips, eating out, expensive clothes and purses and shoes. 

Keep in mind that management eats into a lot of your income. 

Make sure you have buyers ready so when you sale your holding cost ( lot rent ) is not eating into your profile margins.

I want to dominate my sub-market, but you gotta be sure its big enough for you to eat too!

I have an interest in owning a quadplex but it seems like everything is OVERPRICED and one person advise not to do real estate because everyone is eating up the equity since the market is high.

Seems like a no brainer to buy a condo at a discount but I am worried about using it for a long term rental because the HOA’s eat away at the cash flow.

I would say that it is possible that you can get higher rents than that but while tenants live in a construction zone they won’t be happy and it’ll eat into your piece of mind as well since they’ll be requesting different items along the way to help deal with ‘being put out’.

No later than five business days after the transfer of the qualified indicia of ownership to the EAT, the taxpayer and the EAT enter into a QEAA that provides that the EAT is holding the property for the benefit of the taxpayer in order to facilitate an exchange under IRC Sec. 1031 and Rev.