Not only was my market timing great, but I sold my less promising buildings and used the proceeds to pay down debt on my long term keeper properties, which have higher end tenants and are thus more stable and much easier to manage.

If you take a loan to pay for your mother-in-law you are taking on that debt in your name.

Hundreds of hours spent listening to podcasts and reading books on and off during that time kept the dream alive and prepared me to take the leap when an opportunity came up.I had received my real estate license about a year earlier to make some extra money but we were hitting a point in our debt and near future expenses that I knew I had to step out and make something happen.

Given they are going to damage the walls while moving anyway it eliminates their need to touch up the halls and I can usually schedule to have one painter knock out multiple units in a day but even if its a one off sale, it comes across as good service for a small amount of money.In a storage area within the house or garage I will leave an unopened box of each tile, and flooring used in the house along with unopened 1 gallon buckets of the wall and semi gloss paints and one of each door hardware (kitchen and interior doorway.

Ultimately it will depend on the property (banks perform stress test-debt ratio)-but I think 5 year term is what I found so far.

My goals include:Eliminating PMI for this property (I’m about $12k short in equity from eliminating my PMI requirement).Stabilizing the garden unit so that we start to benefit from the additional cash flow.

Search markets that work for your goals then eliminate from your list the ones that will not fit with your lifestyle.  

The department of justice filed a request to eliminate the comp agreement requirement due to possible anti trust violations.  

The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.  

And if they are in low value markets maybe they have zero debt..