Also, thank you to @Martin Saenz for your kind words about we ex-Scott students.

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.

We actually had some cap ex things come up, but I think if you handle them out of the gate then you don’t need to worry for 15-20 years or more. 

Ex: Washington DC is 2.5 hours from Massanutten Resort. 

My ex-husband took off work 7 times.

This matter has been fully settled 100% with an ex-tenant MacKenzie Mae that was renting, but I was told she can’t post here, by her, because bigger pockets has now actually banned her from the site...therfore I’m posting this notice of settlement and confirmation that this matter is completely and 100% fully resolved and settled as of 06/25/2024.Kind RegardsDJ Thielen

Yes, no maintenance, no physical cap ex, etc., but also no tangible hard asset that is scarce.

In over 90% of cities for 2024 rents are lower then mortgage payments and that is not even counting cap/ex, etc.

Maintenance/cap ex maybe $200.  

Its not killer cash flow, but there is cash flow.Don't expect to start deducting things like vacancy, maintenance, cap ex, etc.