As the deal was going down the sleazy Realtor says “Randy, Pay the Notary” I sat there with a stupid look on my face without making a move and finally the Realtor pulls out his wallet and gave her the $45.The crazy part is the Realtor, sellers and buyers cooked up a scheme to show that they sold and purchased the house for 70K and 50K would be unreported, as a way to bypass some taxes.

You need tenants who will be easy on your asset, and by extension your wallet.

I understand that leverage enables you to control more properties, but you want to control them on terms that are financially favorable to your wallet.

If an investment continually drains your wallet, it's time to reconsider.In the world of real estate investing, target returns like Cash on Cash of 8% or higher should be your guiding star.

And what are great ways to add value to a property without loosing my entire wallet. thanks in advance 

Label things - this can save a bunch of back and fourth messages.5.  

Taxes ripping chunks out of my wallet.

And the whole "essential workers" label, is seriously making me rethink how I screen tenants in the future.

Has there been momentary value impacts, yup, sure has, we just recently went through what was labeled one of the single largest collapses in all of human history in real estate, and all values were recouped in full within 10 years. 

They talked about letting her stay, but came to the conclusion that the "mental damage" being caused is worth getting rid of the tenant even if it temporarily damages their wallet.