Again, you may do better than others, but that area of WF can be challenging, and it will be easier to exit without a mortgage than with one should you chose to do so.Second, tenants in that area can be less predictable in terms of payment and turn over, so not having a mortgage can give you greater flexibility and security if a tenant skips out or is chronically late. 

That apt had been occupied a few years before with a chronic late payer paying 1450.

Hey Zachary, I have 12-doors in Detroit and never had to do CERA but have friends that have.I did have one tenant that was chronically late with rent, usually paying mid/late-month.

So glad someone started this forum topic.I read every single comment and I did see one person who is a chronic self-promoter and cringeworthy, for sure.

What worries me is the smaller and mid tier cities whose economies are being ravaged and rents are dropping 20 - 30% and problems are not transient but likely systematic and chronic.

Purchasers must also agree to provide residents with free, voluntary wrap- around services that help address the needs of those experiencing chronic homelessness or housing instability – like access to healthcare, employment or education assistance, childcare, financial literacy class and other community-based support services.

But chronic disorganization had led to more than $30,000 in consumer debt, when she made the decision to quit her job to stay home with her first child.In this episode of the BiggerPockets Money Podcast, Rosemarie shares how she cut $23,000 out of her spending, paid off her debt in less than four years, and grew her income to the point that her husband could also quit his day job.Rosemarie gives you actionable tips for establishing routines that will help get you organized so you can focus your energy on your budget—not your day-to-day tasks.

Tenants who are chronically late (or otherwise try my patience) get the heave ho, no reason needed because they are on MTM leases.

I am a Nutritional Therapist so I love to work with people to help them get healthy whether they're dealing with chronic conditions like Diabetes or Autoimmune conditions or just trying to lose weight.

I also have a policy for me wife and plan on opening one for my daughters….albeit a smaller premium.The thought of viewing the accessible funds in my policy as cash reserves for my rental properties never occurred to me as I keep my rental cash flow in a credit union account that I never touch ( a chronic cheap shake) .