The seller has decided to terminate the contract after our last correspondence.

I wouldn't want to work with anybody that wasn't open and honest about everything they were doing.That said, at this point you probably are stuck since you did allow them to do the plumbing which then allows the warranty company to deny the claim for the drywall. in hindsight, perhaps the best course of action would have been to force them to show you where in the policy or correspondence they received from the home warranty company that the plumbing issue was not covered.Are you pretty involved like this day to day?

Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenants: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

If rents fail to pace with the cost of living, your financial independence will be short-lived.Long lasting: Your rental income must last a long time, ensuring that you do not outlive your income.Reliable: You must be able to depend on your income every month, even during tough economic times.Now that we have defined the requirements for achieving lifelong financial freedom through passive income, we can determine the necessary criteria that a location must meet.When Rents Keep Pace With the Cost of LivingIn real estate, prices and rents are determined by the imbalance between the number of buyers and sellers.When there are more sellers than buyers, prices decline until there is a rough balance between the number of buyers and sellers.When the number of buyers roughly equals the number of sellers, prices are static or increase at a slow rate.When the number of buyers greatly exceeds the number of sellers, prices increase rapidly.Rents follow prices.Higher prices reduce the number of people who can purchase, increasing demand for rental properties and increasing rents.Lower prices enable more people to purchase, decreasing demand for rental properties and decreasing rents.There is a lag of 1 to 5 years between price changes and corresponding changes in rents.

Just remember to update her lease, and have her update her deposit and last month's rent to correspond with the new rent amount. ...I have tenants who transfer from one of my units to another on a somewhat frequent basis (usually it's tenants who want to upgrade from a cheaper unit to a more expensive, nicer unit)...because my portfolio includes a fairly wide array of locations, property types, and price points, a tenant can move around within the portfolio and find whatever type of unit matches their needs.

We use a YTD paystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make sure they’ll always be able to pay the rent on time.

24/7 I can't even shut it down anymore cause it just takes to long to bring all that info back up.Recently it has assimilated my email with correspondence from meet ups and other people suffering from the same occurrence.My phone is also going through the same thing.

The lake house is near Clemson University, so we jacked up the AirBNB rates a ton during this time to correspond to the local hotels doing the same - never been a problem - we've been sold out months in advance.  

Plus other items likes corresponding advertising in each forum. 

Correspondingly, the vacancy rate is 63%.You can get the spreadsheet with all the info here: http://bit.ly/1l74oJx