Yes, there have been some delays due to extraordinary circumstances but overall, the wire comes in on the 1st- 5th every month.

All your points are valid in any circumstance so I appreciate the information.

Hi John - We do have one property that will not be profitable or just about break even in 2024 due to all the unforeseen maintenance items:  pool heater, roof, pool fence, handy man over a dozen times, remodeling took 3 months instead of 3 weeks, etc. 

Hey Ryan,First off, I do recommend sitting down with a tax professional so that they can understand your specific set of facts and circumstances. 

I agree with Colin, everyone's circumstances are a little different and while I would take feedback from non-CPA I would only trust a CPA with questions that are that delicate.

As Greg said, as soon as they owe you money, file notice to quit and any rent that comes in after that is put towards the monies owed first.Under no circumstances would I extend or renew their lease. 

While a deposit is almost always preferable, you should make a common sense business decision based on the circumstances and condition of the property, in my opinion.

Looks like more complicated circumstance than I expected.

Given our circumstances, would you recommend investing in another single home or a multi-unit (like a triplex or fourplex)?

(This requirement may be waived under certain special circumstances constituting good cause for a waiver, such as the loan being issued because of a bona fide emergency, with the lender obtaining written consent from the buyer to proceed with the loan without the disclosure notice.)The closing on a home equity loan must occur at a permanent office of the lender, at a title company, or at the offices of a lawyer.After the closing occurs, the borrower has a three day period during which the borrower may cancel the loan without having to pay any charge or penalty.