Of course, if I don't want them as tenants, I just clarify the Holdover Tenant issue, reiterate the date they need to be out, and initiate the eviction process on the very first day of Holdover.The key is giving adequate notice as required by local law.

In some ways they can be a lot worse.So, maybe the issues you are concerned about are the nature of the beast and you really need to sign up for the full effort or just avoid the ventures all together.No one can decide for you.

It takes years of experience and many transactions to become adequately familiar with the variables in REI.

Originally posted by "justpropertiesllc":I have a tendency to think the world is all about me :shock: .Very much the natural human response.

Of course, they refused to give us an adequate accounting.

If you had 25 properties that all had a proper cash flow, then the same $5K to $10K reserve would probably be adequate, even though you had 8 times the number of properties.Good Luck,Mike

That is the 50% rule.As a screening tool, a property will generally need to generate about 2% of the acquisition cost (purchase price + rehab cost) to have an adequate cash flow.

The goal is to become comfortable with what you are saying and to make it your own, meaning that you should sound natural, not like you’re reading from a script.

The only time you should run title searches is when you’re buying from the courthouse steps or working with preforeclosures, neither of which I would recommend.Your buyer’s lender will typically determine when and where escrow will be opened.The fast-paced nature of wholesaling makes running title searches prior to making offers and signing contracts impractical.

Naturally I reported this to the police.The next night - the boarding is removed from the window and the police again knock on my door at 4 a.m.