In this fashion they get their return, and you get to run your property however you see fit.

I have had numerous issues with the PM not fixing things at all or in a timely fashion.

I can do deals from networking on BP and good old fashioned realtors, no direct mail needed

@Lavaud Charlemagne - would not do spreadsheets etc on an iPhone.I’d probably use my MacBook for spreadsheets cause I’m old fashion that way.Contract review and signing can be done on an iPhone (especially with Docusign) but an iPad (with or without external keyboard) is probably even easier than on a laptop if you’re a mobile person.

The property was in primo condition and was staged with nice new fashionable stuff by a professional stager.1.

Did the tenant communicate in a timely fashion that there would be an issue, or were you chasing the tenant for information? 

In the meantime, heading into winter, even though it is a PITA, as long as the majority of rent is paid and the rest caught up in a timely fashion, I think the risk of not accepting partial payments and proceeding with eviction is “riskier” than letting this continue (at least in the short term).

I always think about the value of the repair on different levels and start in a stepwise fashion 1.

Keep in mind even tho they haven’t paid and Loney hasn’t changed hands YOU haven’t given them a late notice or notice to quit so technically since they most likely haven’t been informed in legal fashion, they might have some ground to stand on.

And then use that LOC again and again in the same fashion to acquire more properties and not have to tap my operating cash reserves.