All others are month to month or expiring this year.I used a spreadsheet I typically use to analyze a financed deal.

Tenant just moved in and is asking to delay rent payment until next month, looking for the 10 day move out form

I want to share an experience ive had over the past few months with my newest multifamily purchase, and highlight the importance of being consistent, telling everybody what you do, and what you are looking for even when you dont feel ready.

In addition to offering "cash for keys" assure them that they can use you as a referral on their next tenant application, or offer them a short term-2 month lease.

Hey, Jaycee, I've only been running it for a couple of months now since I closed but it's been doing about $6000/month in gross rents so far, this month will very likely be closer to $4500-ish since it's by far the worst month of the year for rentals in that area. 

I don't figure the note will be more than  300 a month at only 40k principal.

The mortgage payment is $1,000 on each house, so you earn $500 per house or $2,000 monthly.

From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

We negotiated it down from their original asking price of $1.8M but it needed to be a cash deal because the building was 50% occupied and of what WAS occupied was month to month office tenants.

"A second question is if I finance the car purchase can I also deduct the business use portion of the interest charged on the loan?"