Purchase price: $120,000 Cash invested: $30,000 We purchased this property from a wholesaler.

Your current Lease and payment terms are recognized until [DATE]; however, moving forward, please send all payments, maintenance requests, and correspondence to the address listed at the top of this letter.If you are currently using an automatic draft, cash deposit, or other form of payment to pay for your residency, please contact your financial institution immediately so as to avoid any late fees and/or eviction notices.I have included with this letter a Tenant Update Form for you to fill out.

When looking at your next investment property make sure to look at what is the max rents you can receive for that property. the goal is to cash flow or at the very least break even at 75% of rents received.

Purchase price: $88,000 Cash invested: $44,811 Sale price: $190,000 1 bed 1 bath 3rd floor walk-up just a block from the lake in Roger's Park.

They want to speak to someone a lot of the time, a phone call is worth a 1000 words.#2 Repair Management, tracking expenses, following up with outstanding work orders, ensuring work completed with photos by vendors, notifying owners when there is a repair request by the tenant and track the time it takes from work order to completion, track the amount of repairs to a home at end of year so owner can see those expenses and try to get them on service contracts and off home warranties.

My goal is to move out after a year and be able to cash flow once both sides are rented. 

It’s specifically noted that losses from multiple properties are not separated unless you’ve made specific grouping elections (which is uncommon unless you’re a real estate professional).If this sounds different from what your CPA is advising, it might be worth seeking a second opinion from a tax professional with more experience in real estate investing.

Not worth suing as you said, they wouldn't ever pay you

If they aren't month-to-month, you aren't getting them out, and even if they are, you will likely have to line their pockets with cash for keys to get them out.Who is in the third unit?

He is wanting to give preference to cash buyer and I can do that but just want to know how this type of deal goes, etc.