The tenant will also provide the landlord/manager/maintenance man the alarm code for the security alarm.If the tenant does not activate the security alarm, the tenant understands that the security alarm and all of its components are to remain in the unit and not to be tampered with or removed from the walls/ceiling/etc.ADDITIONAL APPLIANCES ADDENDUMAny additional appliances on premises (such as washing machine, dryer, microwave, etc) are provided as is for the tenant's use.

A last minute and unexpected (almost) collapse of the septic tank ate up $3k.

One of the reasons that people use the 50% rule is that it should allow you to build up some cash reserves for the unexpected expenses.

Guys thanks for all the quick replies....some one asked about the $450 Insurance per month.Also had a little type in there for insurance should have been $150 / month (not $450 so that would actually make it $1800 per year...guess my fingers were moving faster than my brain.However these units are separately metered so no unexpected expenses that wayThanks for all the advice and help

Also insurance is for the unexpected, but when a property is in a "flood zone" it is because a claim is expected in a 100 year time period.

If you believe "The Black Swan" by Nassim Nicholas Taleb, these unexpected and unforeseen events are, in fact, more significant in our lives than our plans.

That means deducting each of the components of the house by their applicable depreciable period.This means.

The eviction process as you know is just one component to multiple items that balance out the investment.How strong are rent growing, what is the area doing for population and development, what kind of return are you getting for purchase in a quick eviction area, what are tax laws for income in that state, etc.??

Again I dont know if an LLC would protect his $250,000 in the deal, in case something unexpected happens and I cant make payments.

I am starting out as well and financing is major component in this business.