I have a spreadsheet with each property type and I log the rent, deposit, if pets are allowed, square footage, type (SFR, duplex, multi, apt), manager/owner, what extras are included (garage, dishwasher, W/D, etc).I have three years of this data for my rental area now.

Thanks Dawn!

Thank you for responding Bryan and Dawn

@Wayne Brooks I was never asked, so I never showed proof for rehab costs, although the POF stated that I have amounts exceeding the purchase price @Dawn Anastasi This is a cash offer, and I too am puzzled since there is no financing involved.

@Dawn AnastasiThanks Dawn, I am partnered with a friend on two buy and hold single family houses that were supposed to have been flips 6 years ago and things were going downhill fast at the time.

Thank you @Dawn Anastasi @Ned Carey @Christine Oliphant @Jerry W.

@Dawn AnastasiI totally agree "NO INVESTMENT IS WITHOUT RISK"Even when I think I have seen it all after 8 years of investing there is always something I learn each day during my real estate investing.

Same with the new smoke detectors and one of the window screens - they removed them entirely (she said she didn't go in the basement and didn't know what her boyfriend's kids were doing after she had let them move in, which was in violation of her lease).When the dishwasher or disposal broke she would call me and let me know, she never did with these things.

Welcome to the site @Dawn Ramsey .

Originally posted by @Dawn Anastasi: I always collect security deposit and first month's rent in advance of lease signing.