You’ll be able to move forward with confidence, knowing that you’re making informed decisions based on proven strategies.Resources Are Your Foundation for SuccessThe truth is, success in real estate investing isn’t about luck—it’s about preparation and having the right resources at your disposal.

For this purpose, include the recapture income in your installment sale basis to determine your gross profit on the installment sale.If you dispose of more than one asset in a single transaction, you must figure the gain on each asset separately so that it may be properly reported.

A: Landlord has an obligation to provide clean water, suck it up and buy it.B: Hard water is bad for your plumbing, buy it hopefully to decrease future repairs.C: Water softeners, like under-sink disposals, ice makers, ceiling fans, love to break and cost you money.

Tonight I mailed them a letter informing them that if it wasn’t all gone by September 30th I would be disposing of it.

If I recall, the investor had a high-paying W2 job, lived very modestly, and put a lot of her disposable income into buying and renovating properties for a sustained amount of time.

Also, who is disposing of materials?  

I would give them an example - if you have a garbage disposal and they clog it because they are putting too many things down it, its not the landlords or garbage disposals fault. 

Do you have a day job and if so do you have disposable income each month to cover some carrying cost while you complete your rehab?      

Alex Rental Income 2015 41316.00 Subtract Vacancy 5% 39250.20 RENTS 2015.00 910.00 873.00 860.00 800.00 Expenses Property Insurance 1834.00 Taxes 3350.00 Total Insurance/Taxes 5184.00 Legal Legal Fees 120.96 Evictions 177.19 Permits 344.00 Total Legal 642.15 Maintenance Labor 1650.00 Appliances 250.00 Lawn & Snow 307.50 Materials 1570.00 Pest Control 400.00 Total Maintenance 4177.50 Utilities Gas/Electric 1860.00 Trash Disposal 1184.00 Water & Sewer 2006.03 Total Utilities 5050.03 Total Expenses 15053.68 Principal 1410 PMI 212 Mortgage Payment 1622 Cash Flow $394.38 FHA Loan Details 310,000k 10k seller assist (covers closing costs) 3.5% down (10,850) 3.75 interest

I leave out a lot of the other “maintenance nightmares” like garbage disposals and dishwashers, but find ceiling fans to be low maintenance.