Agree with @Dawn Anastasi You should put the rent at Mkt-rate or even a hair below and then, if you run a decent operation, you should have several applications come in quickly and you wont be in this situation.

Too often, beginning accountants attempt to split hairs that don't need to be split.

After all, if I had double the number of properties (and double the number of tenants) because I continued leveraging, I think I would be pulling my hair-out or have to quit my full-time job since I didn't have a system/process/experience to handle that number of properties/tenants starting off.On the other hand if I was experienced and well-oiled like the other posters here, I'd probably leverage and pick up properties like no other.

the guy needs to shave, cut his hair and not wear a college pot smoker shirt.

These kind of "tough guy" landlord comments about having a hair trigger on filing eviction is not always in your best interest.

I wouldn't have a problem with this but new investors aren't me, don't mean to brag but they are saying the deal has to be underwritten prudently, that's an impossibility for a first time seller unless they get help.I mentioned no balloon until a third of the principal had been paid, ooops, looks like no balloon, then no balloon in the first 5 years, so I guess that's up in the air from the original version.I also see note investors are pulling thier hair out, as I mentioned here in the "What do you want Mr.

I recently invested in a high end business laser printer and have been thinking of maybe just printing off as i need them in full duplex front and back on 100lb paper.

After Carleton I have taken many good, and bad courses - My point, never stop joining a group or take a class, or a leadership event, the good, and even the bad will always teach you something as long as we remain laser focused on a specific real estate GOAL.

Speaking of Sunday, I'm sitting here, witnessing the brain acrobatics on behalf of both of you guys, and listening to Jimmy Buffett:"Biggerpockets preachers with bad hair and dimples,God's honest truth is it ain't that simple..."

.- My guess, don';t go quoting me and light your hair on fire,  my guess is that any stuck cash will take months to get back...