The tenant hasn’t been the greatest: late payment with not always paying late fees, multiple complaints from the neighbors, changing phone numbers, ect .

@Bob Asad I like the individual sub account method escrow account, but there are multiple different ways to hold security deposits and multiple laws in different states.

After multiple phone calls and emails, I delivered the following email regarding my PreREO note purchase:  Hi Karen,Any update on this?

Remind them you had professionals out there to inspect the place multiple times and they found no problems.If they claim that their insurance policy needs your info, tell them to give you their info and you will contact their insurer directly.

I did specify my budget on multiple occasions and told her to let me know of anything extra that came up, Which she didn’t.  

I really like having multiple opportunities to make income from 1 property, including a worst scenario of converting all the units to LTR. 

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

A few years ago one of the investors who had multiple properties in Manhatan Beach CA, then Phoenix AZ, who has been doing it for 30-40 years told me: " A property does not really cash flow till its paid off"Honestly, I am looking at my properties, and half of my properties cash flow anywhere from 800-1k, but the remaining dont cash flow at all..Honestly, I cant say that even those that do cash flow 800-1k per month do not really make a big impact because a tenant moves out, I have to clean/fix, etc.

Which based on the gnashing of (mostly “frugal” REI) teeth, was the lowest in the industry (for most of you, especially with multiple, active accounts).I have my IRA, HSA, and CESA accounts (more on Solo’s shortly) with Quest.

I felt like checking a little bit more so I ran a proper background check on her and was shocked to find that she has multiple felonies including jail time.