Remember to plan for Vacancy (8%) and all the CC and commissions the Seller will have to pay....typically the best deals are off market if you'd like to spend the extra time looking.

These are always changing as the CC companies are always offering new incentives.

So although you get payment today, if your tenant decides to charge back 6 months down the road because they are unhappy with you about something they can, and most large CC companies like Visa protect the end user over the person collecting the payment.Wire Transfer: These are bank to bank transfers and are usually the safest way to transfer money, they are fast, almost immediately in most cases and cannot be easily reversed.

Originally posted by @Dan C. C

My current loans are between 2 and 8 years, credit was brought down due to my cc being maxed out and only making minimal payment amount due.

@Brian C Brian, I heard from someone about posting a craiglist add for rentals of the units in the building (before you put an offer down), and see how much traffic you get. 

I have roughly $30k of low-interest credit (sub 4%, most of it zero) with my CC's on tap.

With tenantcloud you can accept bank wires, CC/debit cards payments, Paypal.Also it has property management that you can use to manage your units, including equipment, keys, work order, communication with tenants etc. 

Don't even get me started on trying to use it for "by the bed" rentals or explaining to a tenant why the CC fees are insane.

The way you calculate your weighted average interested rate is by multiplying the rate of on each debt by the proportion of that debt to your total debt, and then adding up that sum.For example, say your 15k debt is spread at 4k Car, 5k CC, 6k Student loan.The car is 4/15, the CC is 5/15 and the SL is 6/15.