While I could have attempted to enforce my lease agreement with her and insist she pay, I know I would ultimately have had to take her to small claims court if she refused and the juice wasn't worth the squeeze to me.

Currently on the market there’s low vacancy rate but who knows if we go into a huge crush and all three of them went belly up (they all have been in business for over 10 yearsAt first I thought 12 months worth of mortgage as reserve but my banker said he thinks 6 months.

Real estate as it was taught to me 40 plus years ago is a belly to belly business.. you cannot have consistent success trying to close folks on the phone unless they do not live in the market.. its too easy for them to simply blow you off.  

Eg they borrow at 4% and receive say 7% giving them a profit of 3% for no money down but a little time for the loan app plus the risk associated with repaying the loan if it goes belly up - though with 20% of my cash down the risk is low for them.  

Also, completely off topic, he owns a small juicing company located in Minneapolis.  

Thanks Miss Hooks-Bell, I appreciate the help! 

I'm with on the juice not being worth the squeeze.

@David Bell I have had some success in buying lots for $5000-$10000.

I live in Spartanburg and this property does not ring a bell. I

I read pro-formas all the time that try to juice the descriptions of the property.