They have said on Podcasts that having everything in black and white makes fewer issues overall.Question: We are using RentRedi for our management platform that we set up to add 25.00 in late fees for every day after the three-day grace period.

When factoring in additional costs such as maintenance, property management fees (if you do not opt for a property manager, and you should), and potential vacancy periods, the financial burden could increase.Check this out: If you're breaking even on rent at $1,600, any additional expenses or vacancies directly impact your pocket and mental health.

Most deals that are predicted to have a $50,000+ profit in more expensive markets only have one viable exit strategy, and if the market shifts during the holding period, there is often very little that investors can do to quickly pivot.There are tons of ways to succeed in real estate, and I’m not here to shut down anyone’s path.

Perhaps you can turn other assets around through zoning changes etc. but that's not the case with single family flips where the objective is to be in and out in a short period of time.  

One of mine had a 30 day grace period. 

Dodd Frank will apply...see below.Not More Than 3 Properties Exemption Any person or entity cannot provide seller financing to an owner occupant more than 3 times in a 12 month period without using a MLO (mortgage loan originator).

Buying pre-construction properties in Latin America to flip within a short period of time is a risky strategy in general but even more so today given the rise in prices over the last few years.Medellin is a great place to invest provided you buy the right kind of property but not because it's still undervalued according to international standards.

Either the current tenants' leases didn't expire but rather converted to a periodic tenancy (Month To Month here) and they have been rolling with that for a long time OR they have established Tenancy at Will by continuing to live in the property and pay rent. 

Have they shown you a couple of places or dozens of places over a short period of time? 

I'll just take some chips off the table periodically and enjoy without them.