Search threads on 'yellow letters' and 'direct mail' and you will learn quite a bit very quickly to get a good response rate otherwise you are wasting your money.

If I don't, I don't have enough or I waste money on 0.8% checking accounts just sitting there when I could be using it to increase my rents via renovations or buying new properties.Short response: 10% is a good number, but I'd put a $150/month floor on the equation with Cap Ex in mind.

There was a lot of time and money wasted being STUCK with a project.The local civil engineer as mentioned should be able to give you much more "local flavor" on the area then we can.

@Rick Lin Welcome to Biggerpockets this site is loaded with great information, with very knowledgable people.

If you have not already read the Learn section above please do so, it is loaded with great information.

I really doubt they are going to follow the latter path as they would not be capable of supporting their position, but, then again, I wouldn't waste the time and money to take them to court if they did.

On payday (every other week), just have $X get sent to me.I only have this one property so that last part wouldn't be an issue either way.Is it common for people who do bi-weekly payments to front-load the landlord with enough money in the account to cover the difference until the balance evens out?

We are brining in a fresh truck load of black mulch today and spreading it out and power washing the house to make it as desirable as possible for the open house.

The podcasts are loaded with information.Raymond

Be sure to read through the Learn section above, it is loaded with great information.