Close in the middle of the month, you receive 1/2 months rent without any work or effort and benefit on the mortgage.Inherited tenants are often a nuisance with their first payment to a new landlord, by owning for 2 weeks ahead you can iron out potential problems in advance.

The driveway and sidwwalk as well as patio were re-done at the request of the tenants, whose daughter ironically was the one complaining about how she would fall in the winter time due to the un-level side walk. 

I'm still in the research stage but based on your notes I understand that those details would have to be ironed out in the beginning and can differ for each deal.Hi Max, that's pretty much how I have been analyzing deals for practice. 

Ironically enough, the piece you are missing I think is one of the easier pieces to get, albeit you need 2 years of experience with a sales license prior to getting your broker license. 

When the Republicans were in the majority they ruled with an iron first; it is no accident that Tom DeLay was known as "The Hammer."

With exceptional credit, there is a potential for more leverage, but that would be best to iron out with a broker or the lender on the front end.I hope that helps!

Not one.As to Obama name, I think it is ironic is all.

From personal experience as a CPA dealing with the IRS, unless your tenant agreement/rental contract is iron clad, the IRS will make you claim the deposits as income.

It does seem ironic that the best time to borrow in decades is also the time that the least new loans are being made.

With the old corroded iron pipes and low pressure, getting adequate water in a second floor can be a challenge.