*stepping down from soap box*) The rents are currently under market and the building's performance in very poor.

Larry as I have mentioned on BP over the years these courses have their start in MLM how many folks have you know to have a closet full of soap.. or trying to sell phone service ACN  five links  wicker baskets  cosmetics vitamins etc etc.. its all the same pitch why we want to do this and all these pull or tug at the exact same heart strings IE  better life  more time with the kiddos etc etc. learning how to flip and or syndicate or buy and hold is vastly different than the wholesaler courses ( which is nothing more than selling real estate just like a broker would do).

I have TONS of food, water, funds, metals, SOAPS, cooking apparatus, etc.

Just like STR, they need to be furnished and stocked, but you don't have to provide as many commodities like shampoo, soap, etc.

Kevin: Yes this tenant was actually living in this mess...there was alot of hair caked onto the sink from shaving, a leftover used bar of soap, and was seen moving out person belongings like clothing and a bed.I imagine we wouldn't have a hard time tracking him down as we have employment paperwork, application information, and even a forwarding address he left at key turn-in...although I would be very surprised if this address is legitimate(he must know what kind of evidence he left behind).Also no complaints from neighboring units of strange smells.George P.: I spoke with our maintenance head and found out that this tenant was fired from his maintenance position due to "coming into work sick and tired frequently" and having an alcohol problem.I agree the authorities should be contacted, but as far as I know this has not happened.

A simple cleaning method is to use the mixture of white vinegar and warm water and maybe a couple of drops of dish soap.

Pay a little to get more in rent.Be sure the lease addresses how common area damage, common expenses (like toilet paper, dish soap, etc.), and common utilities will be covered.Good luck!

No capital gain is recognized on his 2018 tax return filed in 2019. 1.Z sells his interest in the QOF prior to August 1, 2023 (the five year anniversary of the investment in the QOF)$500,000 of capital gain must be recognized at that timeTax is recognized on any appreciation of the QOF interest2.Z sells his interest on or after August 1, 2023 (i.e. after 5 years), but before August 1, 2025Basis is increased by $50,000 (or 10%); Z recognizes $450,000 of capital gainTax is recognized on any appreciation of the QOF interest3.Z sells his interest on or after August 1, 2025 (i.e. after 7 years), but before December 31, 2026Basis is increased by $75,000 (or 15%); Z recognizes $425,000 of capital gain upon the saleTax is recognized on any appreciation of the QOF interest4.Z is still invested in the QOF on December 31, 2026,Z recognizes $425,000 of capital gain5.Z sells his interest after December 31, 2026, but prior to August 1, 2028Z recognizes gain to the extent it exceeds $500,0006.Z sells his interest on or after August 1, 2028 (i.e., after 10 years)Z will make the FMV basis election and will not recognize gain

These apartments can be rented out for $850 bringing in an additional $20,400.So for NOI I would calculate: $100,000(reveniue)-$2,500(linen service)-$5,641(electric)-$990(water)-$2,800(insurance)-$3,360(maid service)= $84,709Now I understand there might be some other expenses like the mini soaps and such, but I don't think these would be major expense.

This is causing agida with the tenant next door who has a 60 day notice to terminate (only at the end/anniversary of the lease, then an auto-renew for another year)... who "was" planning to renew then suddenly had a change of heart and wants to immediately vacate.Im all for letting the "change of course" tenant go, however I want her to understand that Ill legally hold her accountable for rent until Ive re-rented the unit (we allow tenants to report to credit agencies as well, this one does), and I fully expect her to pay until such time.