Interesting - I think it may be a good idea to run full returns on your properties - cashflow, plus loan paydown, potentially appreciation and tax benefits.

@David Cherkowsky, the lender will take the full rental income reported on the tax return, for that property, subtract it from the total expenses, add back depreciation, property taxes, mortgage interest, home insurance, HOA(if applicable), sometimes repair expenses(must be documented), divide it by the total amount of months the property was in service for that year (THIS NUMBER IS ON YOUR TAX RETURNS, SO MAKE SURE YOUR ACCOUNTANT DOES NOT PUT 12 MONTHS), and subtracts it against your total monthly mortgage payment.

He is 23 y.o and about to start full time job. 

Hi Adam,I’ve worked with a handful of great rehab contractors in the Tampa Bay area over the years, and I’d be happy to point you in the right direction depending on what you need—whether it’s a full gut rehab, cosmetic updates, or anything in between.

I want to work my way into anything full time because I have a decent job now but eventually i want to have real estate/construction replace my income. 

You cannot fold a full size mattress. 

Does he and his roommate understand the rent must be paid in full each month and they are both liable if it is not paid regardless of who has or has not paid their share?  

Old and outdated buildings - These non brick built in 1900's buildings are 95% likely to need a full gut rehab, and at the asking prices or even under, these major scale rehabs don't make too much sense.

If they push back and demand a 60-day notice, then extend your notice to the full 60 days.Example: The lease expires in 40 days and the tenant demands a full 60-day notice.

I'm curious why I did not receive it, as I paid in full, and it is already on my credit card!