Do you have no smoking rules for your rentals?

@Brian JacksonWake up at 4:30am...shower and sh**, get dressed, pound a sugar free redbull, take the dog out and smoke a cigg, eat a bowl of captain crunch with the crunch berries or cinnamon toast crunch, read my emails, check my bank account to see how much it increased overnite, start calling my subs, scan MLS for deals, look at the upcoming tax deed auctions, go to closings at the title companies, buy houses/sell houses, head home for family time, have a few drinks, pass out by 10pm...repeat next day..

A $50 a month 20 year level term policy for a non-smoking 30 year old should generally get about $1m in death benefit.

@Caleb Heimsoth  No, this wasn't a wholesale deal.this is pretty simple fix  you need a GOOD mortgage broker who is not going to blow smoke up your skirt about what you can do.I think now your realize that.. and once you have the recipe tax appropriate steps to rectify  

@Anthony Smoke noice!

Then some PM charge a service fee every time they send someone to service the property or if they go to inspect the property - in other words, you might get nickel-dime'd with all kinds of other fees, that could easily raise the "PM fee" to 12%+ (we once got charged $45 service fee + $9 per battery to change the smoke detectors batteries at make-ready).Regardless, you need to factor in at least 8% PM cost, even if you self manage (after all your time costs too) as there might be a time when you might want to (or be forced to, like sickness or old age, or desire complete passive participation) to be completely hands-off and you'll need a PM.

@Anthony Smoke great questions.

@Ryan Ulrich,We do not allow pets or smoking.

Is incense considered smoke?

Interesting question...I was just chatting with a friend, he's very successful in real estate for over a decade, he has very strict requirements to live in his properties since he didn't want to get the type of people that would wreck up the place, not pay rent, smoke, make noise etc.so he was asking me, what I think about a dancer, is it the type of job that you should be suspicious about such people not being so upper class etc.?