They belong to the tenants and are held in trust for the faithful performance of the lease.

Multifamily is a team sport and knowing how to surround yourself with people who compliment your skill set is essential to being successful.

When the tenant doesn't perform, I issue the 5 day notice.

They should also be performing a thorough move-out inspection and even a mid lease inspection so you can see the condition of your property.

But saying you decide to go forward and rent it to him at market value and no reduction in labor cost, make sure your lease is absolutely clear that he is not allowed to perform any work without your written consent and if he does perform work without your consent, he will not be compensated.

Watch the show "Dirty Jobs" and you will see many people perform uglier jobs than you, without ever complaining.  

We were then able to find a private investor to put up 90K and we put up the rest of the money to perform the rehab.

I would recommend that you perform research analysis in your market area. $90k is a good deal if all houses in the area is selling for more than $140k.

I would rather be consistently profitable with solid performers in my portfolio than shooting for that home run. 

I find most of the owners that are selling operating properties are doing so because they're not performing well.