The brain cells expended by everyone in this thread are worth more than this deal.  

You might suggest to the tenant that since a security deposit can be used to cover owed rent (for months left on a signed lease) they might find it useful to expend the energy in joining in this search for a suitable replacement for themselves.   

Yes, a really savvy tenant could still find a way to track you down, but there's almost no reason for them to expend that time or energy.

Hi everybodyWe are investors who looking to expend to Indianapolis IndianaWe love to hear your advise to how to find for boots on the ground In Indianapolis Thanks a lot

The difference is where has the money been expended before the deals are done?

Time and effort expended by the taxpayer in promoting sales5.

It sounds like You've already expended the money to keep them in pretty good shape for a number of years. 

Ryan nailed it with both his confusion and his explanation.The "cash" into a deal can be several things... it can be the purchase price (if buying in cash), it can be the down payment (if financing), it can be closing costs (if not paid for by the seller), it can be repair costs (if required and not rolled into the mortgage), it can be back taxes or other cash expended to close the deal... whatever it is.The denominator (bottom number) in your CoC return is quite simply the sum of every single dollar you have sunk into the property to get the rental stream started.

Maybe I because I still haven't tasted the sweet fruit of investment income..Maybe I need to expend my dreams and goals, since that new shiny kitchen is looking less likely to happen:-). 

A furnace filter is an expendable part that may be expensed.The nature of expenses are usually those that have a short life, are expendable, used and thrown away like a mop head and cleaning supplies, office supplies.Insurance is an expense in holding a property from day one, it is not part of the property, nor are taxes or HOA fees, your city license.These differences are found in Financial Accounting Standards Board (FASB) rulings with respect to generally accepted accounting practices (GAAP) as well as the Code setting schedules.