At full occupancy, the cash flow I just keep in reserves for repairs or help pay the principal. 

My excess cash flow per year is around $300k in cash, meaning theoretically I could do 6 deals, but in order to make that salary (HHI $722k) I need someone with the time to do the repairs and manage the tenants.

In mid February, many tenants get caught up when they start getting their income tax refunds (depending how fast they file).Income tax refunds also give tenants the needed funds for first month of rent + security deposit, so they can move.Check out this graph, which was created from tens of thousands of data points:Regarding your property, suggest the following:1) Where specifically is it being advertised?

I’ve been part of the BiggerPockets community for a while, but this is my first post.

Maricopa County ranked among the counties in the state with the highest number of foreclosure filings.

If I purchased a home locally I’d have to ask well beyond the market rate on rent just to break even.

Reqauest a refund from them verbally and in writing and  continue to follow up and  go up the  management  chain if needed . 

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

There are rules to follow!

Hi, I'm a Broker in MA with just one agent in the company (my admin).