Your goal of creating an income stream for a retirement beyond the 9-5 routine and enabling travel is both exciting and achievable.This community is here to support you on your learning journey towards making informed and wise real estate investments.

Doesn't bother me either as we keep our cabin highly maintained and routinely make upgrades.

I have a friend who does it with his and they routinely bump the rents to match the comps he provides them. 

Often the percentage will lower if you have multiple properties, so ask them if that's the case if you are thinking of doing more investing in this area- Maintenance costs | ask for an hourly rate for general maintenance, any routine maintenance that you should be aware of, and if they have an in-house maintenance team or if they use third party maintenance.

We also began a routine of quarterly walk throughs of the unit throughout the lease.

So IF this was someone you want to have stay and just need to get back on a good payment routine you can be clear that you don't want them to leave but they have to follow a certain process to be able to stay. 

Congrats Darius on your experience so far.Our team routinely comes out to Oakland county and Pontiac area as one of our main lending partners are the main employers in the area (UWM). 

Begin to separate capital expenditures and routine maintenance items.Think about the roof age, HVAC systems age, and larger cap-ex items that you need to plan for but might not have to do now.

And it's a really big country.Over 90% of our clients routinely complete their exchanges. 

I am thinking that takes a license attorney or title and escrow company.Notes no problem.. we do those routinely same with deeds as you state.. just take a copy of the last deed.. and change the names of the grantor grantee to the new configuration.Instead of typing one out I will photo copy the legal description and just add it as addendum A to the legal in the orginal deed..