It'll start to become more passive after awhile as the routine gets familiar. 

This routine of k-12 five days a week not only educates us, it serves as a daycare, and it preps us for the same basic routine of getting up in the morning and getting ready for work and clocking in on time, or there's consequences.    

HI Jason, Unfortunately, you must reinvest the net sale price ($750,000 less routine selling expenses) in order to defer all of your taxable gain. 

It's usually done as a percentage of your rent payment, and would probably depend based on having an inspection done.In general people set aside 10% of gross rent for management, 5-10% (or even more) for routine maintenance, and the same amount for CapEx unless you know something needs to be replaced sooner.Provided the renovations on this house were done completely and correctly I would use between 5-7% for repairs and maintenance.

For a long distance landlord, it is essential that you inquire about regular/routine inspections with in your management agreement.

as stated above not only do U have partnership issues .. but 100% finance on rentals is a slow death unless your able to routinely buy FAR under market.. and it can be done but hard to scale as there is a lot of competition for those assets..

Context: long time friend, he is the sightly paranoid type (doesn't like online banking, loves routine and hates change).

Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

@Steven Crosby  as long as your actually closing and not assigning the contracts then I think your letter is fair.. if your just using it to enter into a contract with say a bogus pre qual from a HML who will give them to anyone for a small fee or for free then no I think its right back to the old bait and switch routine which is well let your moral compass guide you on what it is.if your closing then I like it.. when I did pre foreclosure work before they basically made it illegal or unprofitable out here on the west coast.. many of the letters I would see in peoples homes that they shared or when I bought them at court house steps people would leave the letters on the counter.if someone is in foreclosure at least in that time period they got no less than about 200 plus letters and post cards.. the ones that make you gag are the ones that come off.. " Mr. home owner I was just like you I too was in foreclosure so therefore I know what you going through.. blah blah blah.. " and when they see about 20 of those with the same message even the dullest tool in the shed can realize 99% of the direct mail are not people out to save the day for this poor unfortunate family.

I live/invest in Charleston SC but routinely travel to Groton for work.