Once all the fees were added, it was a wash.  

@Wes Holmes Just to add a bit more meat to the bone of what others have said:It's standard practice for hard money lenders to require a personal guarantee, but once you have significant experience under your belt, lenders are sometimes willing to drop the requirement for a slight decrease in leverage and/or increase in rate.Regarding extra collateral, lenders sometimes ask for this if the deal is too high risk for them as-is, but you have significant equity in other properties that make it wash.

In CA, landlords provide microwave, ove, dish-washer, washing/drying machine and gardening.Let me know what you think.

When I listed concerns of flagrant lease violations, gone unchecked (derelict vehicles, unregistered large breed dogs who are not picked up after, garbage scattered out in the yard, piles of debris; old tires, tv, kitchen sink, broken wheel barrow, all sitting out in plain sight for a month or more), wash machine drain hose running out a window and draining into the lawn.

Lol, it's in the middle of the desert and there is a wash about 1/4 mile away...heck, there are washes everywhere.

Does anyone know of any Multifamily Seminars or conferences scheduled in the near future for the Wash,DC or Richmond areas?

Ours was bad, took 2 washes with TSP, yellow just dripping off ceilings and down walls, pooling on slab.

Cleaners should be able to wash dishes, make beds and other misc soft set up work. 

My thinking was he would be a longer term tenant with less risk of not being able to pay (after 6 months).

Washed out all my profits from the last year on evictions and repairs.