I’ve been raising rents closer to 10% for the last few years and 5% is the lowest I can remember in the last 10.

I may be wrong but I think that is what I remember hearing.  

Remember the only thing that the landlord gets from rental property is RENT, so make sure that you get it!! 

When I first started working with new wholesalers years ago in the Phoenix area, I remember meeting a buddy who’d just locked up a deal on a fourplex near Grand Avenue.

I don't remember their names but people from the War College helped us redo the electrical and plumbing for cost which was amazing.

I remember chatting with a good friend of mine, Jared, who once picked up a quirky three-story in Somerville to rent short-term.

Remember you are investing in relationships above all else.

Remember they are going to be in a second position so they should be getting a good rate.

It’s also important to remember that allowing partial payments without a plan can set a bad precedent, so it’s best to handle this firmly but professionally.For the future, collecting the first month’s rent in full before move-in can help avoid situations like this.

I remember back when I first dipped my toes into real estate investing...around the time I’d hoarded my first serious nest egg like a squirrel stashing acorsn...I had something close to your $80K set aside.