While there is a percentage of tenants that have logical hardships that cause theie evictions, in our experience, most evicted tenants made a series of bad, short-sighted financial choices.We offer logical Payment Plans when tenants fall behind.

They will have 12 month leases, so over the course of the year you will be explaining to them your plan to rehab their units and bring them to market rent.

I assume you disagree, as well.I do plan a long post going down this rabbit hole, but it will take a few days, as my own tax season is not over.

In my case, I just purchased my first out-of-state property and plan to operate it as a STR. 

I manage each property personally, which has provided me valuable experience but also highlighted the need for a more formal structure as I plan to expand my portfolio.My PlanI'm looking to establish a Wyoming Holding LLC that will be taxed as a partnership.

I usually suggest to my clients the equivalent of 3 months’ rent held in escrow and double the daily rent rate to be charged in the rent-back agreement starting after agreed upon move-out date if they are not out, with seller maintaining all utilities and repairs on appliances and systems until move out, especially if you’re planning to renovate, anyway.

What’s your plan to do this again?

Currently, I work as a real estate agent and plan to invest in rental properties within 1-2.5 years.

Where are you planning to invest?

This new $200,000 loan will pay off your original $120,000 loan and give you $80,000 cash out (less any closing costs).The trick with planning this is that the market could change at any time after you purchase your home.