Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

Securing funding has been challenging, particularly because my business documents reflect low revenue from only one duplex, and I am currently between jobs.I have identified a reasonably priced piece of land and have saved a small portion of the funds from my duplex sale to invest in this venture.

All are perfectly functional now, but could pull higher rent with replacing the flooring, and updating the kitchen.My current financing setup for this deal would be $235,000 from the HELOC I already have secured.

PM's will keep all late fees, they hold the security deposits so they collect all the interest on security deposits. 

End to end, I bought the land, secured permits, got the PPA and IA, SUP, and still own the project.

My guess is they have low level of book keeping sophistication. 

.- Logically, there really is no additional security provided with both keyed doorknob & deadbolt, but a deadbolt is more secure than a keyed doorknob.- Since you need a key to lock a deadbolt when you leave the premises, tenant's can't lock their key(s) in the home and then pester us to come let them back in.--- Tenants can still lose their keys outside their home:(

If it does you have zero asset/income, a much larger debt secured by your personal residence, at just the time you probably also lose your job due to economic conditions, and all those nice folks teaching you about sno ball, infinity, you’re your own bank, etc., will be long gone.  

I wish I could make it simpler to understand, but I am at a loss if that isn't clear enough.In one year's time, we will have a much clearer picture of how many people in D.C. who collect a W2 from the government (not including welfare, Social Security, Disability, Graft, payoffs, etc) have "left the payroll". 

The program had a blue print for securing your first deal in 90 days.