Drew Bell I just finished the pre-licensure course in NY and am taking the state exam next week.

In anticipation, a big fat thank you!!

What services would you like to see in your unit; new paint, carpet, washer dryer, cable, security, new doors, windows, out side lights, alarmLet them know you want to improve the apartmentsNegotiate with the tenants, agree on a rent increase to cover the up-gradesAs a bonus, agree not to increase their rent for another 2 yearsA gift of a fat turkeys for the holidaysAn end of year bonus for paying on timeA gift certificate for something they may like I consider a tenant a customer, take good care of them and you'll find you will get your rent as agreed.Remember "late charges" increases your net also.Be kind and understanding when tenants don't pay on time, listen to their excuses or problems, you may be able to help them.Tenants are just like us, we all have problems at times, a little leverage, understanding and kindness goes a long way.......they won't forget you.When we have tenants with financial problems I consul with them, we talk about how to earn extra money (that is usually what the problem is...lack of money).I suggest different ways they can earn money without a job; if your tenant is handy; painting, plumbing, roofing, fixing cars, teaching a course, bookkeeping.

would something like that cause the entire thing go belly up?

then in that case private lender dot com or any other on line so called aggregator is a total waste of time and money.. private lenders don't make loans to folks they meet on the internet unless of course they don't have any risk tolerance.. not saying your risky but private means belly to belly known to you .. 

Hi @David Bell I like Stessa, apartments.com and hoah.rentals.

The critters eat fat and protein (food and pee).  

Just because he collected millions and charged hefty fees , his investors did nt automatically get big fat checksI came across and saw lot of hard working contractors , who are open minded , reasonable , big picture oriented , affordable and make lot of money . 

Cured in place is probably not a good choice due to sagging / bellies.

As you grow you can manage your reserves a little differently but to begin with at least you need some cash reserves in case something goes belly up.