We have been using creative financing options to this point in order to maximize opportunities and due to limited financial resources of our own.We have what seems to be a great opportunity to buy a triplex in Salem, Ohio via seller financing; (my husband and I analyzed the numbers, taking into account cap ex, possible vacancy, management, etc. and it is a great opportunity numbers-wise.) 

Account Closed Lets Connect

If said tenant paints the house, moves in with no deposit to be held accountable for and then goes ghost in the night midway through the lease, you're left holding the bag.

Account ClosedThanks for the replay, I would love to go to the REIA meeting.

Different pictures on every social media account.

Income and Costs (all numbers are annual)Nominal rent - 43.6kActual rent - 37.3k (14.5% vacancy.  33% turnover rate)Management - 4.5k (10.6% - could bring down with a PM switch)Maintenance - 5.0k (11.6% - ok, older building and a fair amount of tenant turnover)CapEx - 2.4k (5.4% - mostly plumbing costs: is that a worry?)

Yes, see an accountant!  

I love listening to the podcasts, so I have created my account to get more involved, so I wanted to introduce myself.

Are landlords required to keep the security deposit in a non-personal account?

Hi everyone, I'm currently a senior at CSU Chico with a major in accounting.