And competition is stiff...Thanks for the input, guys.

If you do decide to take my responses pool side, just be sure you have a stiff drink to wash it down, it'll be more enjoyable. 

Landlords and tenants do have to be all stiff business actors, but with some you do.So, the question too, do you get gifts for your tenants?

If you use DSCR loans as permanent financing, you could be locking yourself into loans with stiff prepayment penalties that usually have a 5-year prepayment step-down penalty.

The late fee per day is a way to make the tenant believe if they actually have the money to pay up or face stiff penalties.The reality has been at least for me when you go to court and evict and list amounts owed the judge throws out the late per day rent portion and gives court costs, back rent, proven damages etc. in the form of a judgment.

Misbehavior on my part carries some stiff penalties. 

I am concerned that the combined market value on the tax roles is currently only $200K and once I buy it it becomes recorded at $400K and they may decide to try to keep the land at 50K and stiff me by saying that my home is now worth $350K and more than double the taxes to $6-7K.

Maybe he just wants to stiff his heirs?  

How much did you stiff this woman for in last month's rent, Brian?

The gurus will tell their ra-ra fables about starting off with sunshine and sprinkles to anyone who listens, but the majority of people who have made a buck in real estate have taken some very stiff punches in the liver.