The tenant has not been the greatest, one example being late on paying with not always paying the late fees.

If you sit on the sidelines waiting for the unicorn, you’ll miss out on multiple strong investment opportunities that provide excellent long-term returns.Instead of chasing perfection, investors should focus on leveraging assumable loans in one of two ways.Two Strategies for Winning with Assumable MortgagesAn assumable mortgage gives you two clear paths to success.

Write a book about it, utilize paid internet ads to drive book sales, follow on with YouTube videos, webinars, blog casts, on line tutorials, and sell a few one on one coaching sessions.4.

So don't just assume the market is bad, do your homework, it could be a setting in one of your management software tools.

I think the right investor would do 2 units long term one unit short term. this strategy allows you the greatest flexibility. we are also developing an extended stay hotel that's 58 rooms. the size of the average room in that is 216 square feet and rents for a target $80 per night. our development cost per room is 100k per room with hard construction. the smaller you go the more money you make. if I was to suggest anything it would be to focus on the smaller part of the market and on multiple unit dwellings and finding and identifying markets that meet similar numbers. that will probably be midwest markets.

If you base your tenant charges on the historical average, you should come very close to collecting the entire amount over a one-year period.Charge a higher rate.

Go to local Home Depot, 6am on Saturday, and look for hadnymen.Try to find one that at least has liability insurance.Also, not sure if Illinois requires handymen to be licensed, but if so, find ones that are.

Because you occupy one of the units, the insurance may differ from a standard homeowner policy.

Do it yourself with TurboTax (or similar software)If your rental is pretty simple (one property, basic income & expenses), you can learn the basics and still save money.

Never depend on one contractor and never accept a contractor directly forced on you by a consultant or lender5.