tenants move in dec 1st. paid for dec. and 1 month security deposit.now he told me jan rent will be 10 more days till check is cleared,cannot make rent due to all moving expenses.promised starting feb, rent will be paid by the first.Do I start eviction process when he just moved in.... really?

I have my own plumbing business here near Holden Beach, NC and my Wife is a Graphic Artist / Sign Maker who also has her own business here.

He insisted that there be a clear decision maker when there is an impasse and made me a 51% partner.Also all of my partnership agreements have a buyout clause.  

They were legit deals though, which I am not sure can be said for most of the "deals" I get in my inbox.Homevestors runs a "Deal Makers" session the first Monday of every month at the Cambria Suites near the airport.

@CJ  update your lease to include no smoking of any kind anywhere on the property, indoors, outdoors, common areas, driveway, walk way etc. 

Leverage is a tool, when used appropriately it’s beneficial, when used inappropriately it can kill you.If you are trying to make RE your business and quit your day job, you need to treat it and manage it like a business.

There is a difference between low income areas, which can be very good money makers and low income, high crime rate areas which are very hard to make money off because not many people will buy the property in a war zone.If it is just low income, you may be able to resell the property, but if it has high crime rate too, then it will be much harder.With low income areas you really have to look at the numbers hard. 

I apply several of my paychecks immediately to my HELOC each month, thus cancelling interest as the interest is calculated on a daily basis.The money I save is not applied to my first mortgage, but more to cancel interest on the HELOC, and thus creating more available credit to make RE investment acquisitions.

Rather, like many normal homes, some bugs will make their way indoors.

When complete early next year, will be the largest panel maker in North America and create 3000 local jobs.