I would politely tell him (subsequent of a casual convo) “Hey, just so you know, I had to evict a tennent because of smoking.”This lets him know that you know what’s going on, without being force full or causing neighborly strife.

"Rich Dad Poor Dad" and the subsequent books in the series.

The lower risk the property the lower risk the tenant so I created The Ultimate Guide to Grading Cleveland Neighborhoods to help investors determine what risk level is associated with each property they are looking into to allow them to gather a bit more of an estimation on tenant behavior and subsequent costs the rely upon it.As for large Cap Ex items here are a few things to note that should help you out.Water tanks are going to cost roughly $1,000 to replace and will last around 15 years.Furnaces are going to cost roughly $3,000 to replace and will last around 30 years.A roof on a 1,200 sq ft bungalow is going to cost around $5,000 to replace and will last around 30 years.

Also, as others have mentioned, you get the upfront depreciation but will get less of the deduction in subsequent years. 

As mentioned above, if you were to secure a blanket loan on the 4 rentals (either rate/term or cash-out refi), it would remove your existing lienholders, place the new loan into a DSCR loan which does not impact your DTI, and subsequently reduce your personal DTI at the same time.Then, continue to scale with DSCR loans.

Beyond its space-age glamour, rising like a cratered moon from the Sunset Boulevard sidewalk, the form carried function; the theater was engineered for films made in a special format designed to be shown on its extra-wide curved screen.

A good rule of thumb for cash reserves is $10k for the first property and $5k for each subsequent properties.

Right now out of seven units I have four smokers, all of which claim to be 'outdoors' smokers, two of which I discovered subsequent to leasing.

It was nice back then but still pretty tough.. but houses were apprasiaing at 120 to 140kfix and flippers picking them up in the 50 to 60 range.. ( these are the same ratio's I am sure Joe works with today ) rehab 20 to 25k  sell make 20 to 25k investor gets rate and term refi. the only difference than in Joe's program today he wants you to pay cash then get a cash out refi.Well as Nancy so very correctly delineated in her post come 2006 for whatever reason and a lot of it was mortgage fraud and other sociodemographic issues it just started to crater.

However, those problems weren't nearly enough to pay even half a month's rent on subsequent renewals.