Never collect rent in advance.

They have no choice but to succeed Thanks for your input in advance.

Thanks in advance for pointing me in the right direction!

I apologize in advance for the length of the post below...A little background on me; I have a little (mostly negative) experience as a landlord after we, my wife and I, moved out of our first home in late 2010 and looked to renting because, shocker, we were underwater.

We are leaning towards a rental property for many reasons, but would like to learn where some of you successful people started and if you were in similar shoes as ours.Nice meeting you, thank you in advance.

I saw the tax return I/E report owner sent me.. the income on tax return seems to be much lower than the report sheet he given me...the broker stated sometimes there is cash rent transaction between tenant and landlord that not showed up in tax return...how can I vertified this?

Thanks in advance.

You file a report and send in a check.

And you're probably going to pay 3 points or so upfront for that hypothetical hard money 2nd mortgage on an investment property to 70% CLTV, assuming you could get it.I don't have any credit reports in front of me, but I'm pretty sure you can do a little better than 4.83% at a cost of three points.

Thanks so much in advance.