Consider retaining your current property and doing another conforming loan.

I like to buy in good locations that attract good tenants, screen applicants very well, and retain good tenants.

Don't over leverage yourself, and try to retain as much of the original cash flow as possible while picking up an asset or 2 in a higher appreciating neighborhood. 

This would allow us to retain the tax identity of the partnership but also split the purchases between each of the partners. 

Even if you are short by $3k when the time comes, you should be in a position to have $3K in your retained earnings throughout the years. 

Hi all,I have an ex-tenant that owes back rent and damages after they left that the security deposit doesn't cover.I read some forums here and am getting some mixed signals on the process of collecting debt.The way I read it is you can just go to a debt agency with in my case the signed lease and also the security deposit transmittal showing what's owed and the collections agency can legally take it from there.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Their coaching is not cheap, but I think the thing that separates them from the one-time seminar gurus is that they offer a series of classes designed to deepen their student's knowledge so that they end up with a well-rounded education, versus what you can get (and retain) out of a single 3-day fact-filled seminar.

Also not sure if retaining any of these properties after your parents die is something that you're interested in that requires property tax planning. 

This was the best initial investment I could have made into the property - it immediately signaled to my tenant that I was serious about taking care of both the property itself, as well as improving their experience as a tenant, and we've been on great terms ever since.Let's say you talk with the owner and they don't know any information about the renter's situation.