Also your ROIs skyrocket because the actual cash investment in each property is minimal....Best of luck, Merry Christmas!

They get out there and they mow their lawns, they have the brick repointed when the mortar wears out, they get guys up on their roofs to replace their shingle, they get on the municipality to redo the sidewalks, and they resolutely hang out their decorations for Halloween and Christmas every year (look for dedicated efforts block-by-block during the holidays).

Have a warm and wonderful Christmas!

I give my tenants $50 off in december to help with christmas.

I don't tell most people this but my favorite time to buy is between Thanksgiving and Christmas!!

He said "If you are not the type of person who can evict your mother out of your rental home, on Christmas morning, in the middle of a snow storm for not paying rent, then you shouldn't manage your own property."

One is a 3/1 I bought at an estate sale for $28K cash right before Christmas :), and the other was a Homepath I bought for $33,5K.

I dont have much advice for you or tons of banking "guidline or regulations" info for you, but i would like to give me 2 cents.the 1st sfh i bought, the loan was through a local "small" bank. they required 20% down and I funded all repairs. 5 year loan/20 year amortization with balloon payment at end. this puts me at about 33% equity and cashflowing nicely. after 1 year (will be in April), I plan on refinaincing, leaving 20% equity. not sure if i am going to do a 15 or 30 year note, but i should get most of this cash back out and still be cashflowing nicely. fast forward to my second deal. i needed to close within 10 days around Christmas time.

It feels like Christmas!

If they breached it, they breached it you do not have an obligation to give anything back.That being said, it is December and Christmas is around the corner...are you feeling nice or not?