Investment Info:

Single-family residence buy & hold investment in Austin.

Purchase price: $230,000

Cash invested: $5,000

My second house that was supposed to be my “forever” house. That only last...

Hi @Steve Maginnis,  When I first asked my new PM said they don't typically send out the receipts/invoices to owners, so I didn't press the issue yet.

The older laminate had MDF or HDF core, basically pressed wood which indeed would be affected by water.

Even when pressed for customized tax planning advice, he could or would not deliver.

Tentatively investigator says it was an accidental fire caused by one of the tenants cigarettes.

To make things more complicated, there was already some cosmetic damage on this driveway from my contractor accidentally running a pressurewasher on the curing concrete and leaving spinning brush circles in one corner. 

About your concerns on rents: you'll be hard pressed to find an example in modern history where rents declined in a meaningful way, not even 2008. 

Even when pressed for customized tax planning advice, he could or would not deliver.

Even when pressed for customized tax planning advice, he could or would not deliver.

SECT 8 tend to get a lot of negative press.