I have one rental with a pool, I don't like the pool company I had used, and the pump was out, so I bought a pump online and called a plumber I use for small jobs,,,he doesn't speak english and I don't speak spanish.I showed him what we needed to do to plumb the pump,,he started and I left,,when I got back later I noticed he had run the pipe differently than it was before, but everything worked fine.A day or two later I was over trying to get the pool in better shape (since the pump was out a few days it had greened up),,when I went to clean the basket on the intake side of the pump, I realized the way he ran the plumbing, there was no way to get it out,,,he ran a line over the top,,you can open it, but no room to pull the basket out,,,so I just cleaned out the basket by hand and told the tenants that was how it was done,,,they didn't know the difference

But I notice some similarities with some companies like when they fund you they I start paying after six months. 

I understand we would have to give them notice and try to sign new leases but they could play hard to get.

I have the seller sign a Letter of intent to Lease and To OptionThe letter of Intent covers...Address, Rental Term, Renal Payment per month, Security Deposit, Possession Date, Option Sales Price (could new appraisal), Option Money (usually 3% or $5K min), Representations, Warranties, Covenants, and Indemnification, Legal Effect, Notice of Intent to Assign, Option Period (45 - 60 days)I have them sign the letter of intent (LOI), it goes to my attorney, and the attorney prepares the paperwork.There is an option release disclosure document that discusses that the buyer will be responsible for the following fee’s to be paid out of escrow at closing, which are for the release of the recorded notice of option, the assignment of negotiated purchase price, and the negotiated rent.2.

Also,you often may notice construction taking place in the area.

However, I have been to a few properties to meet owners and noticed that they have their PERSONAL numbers on the for rent sign.

If you're in for the long haul and are willing to engage the community to decrease disorder, then I would point you to best practices for community building.

This would decrease debt service and that combined with fighting to get property taxes reduced would help your losses.As mentioned what course you take various on your net worth,income,other assets held in the same name or corp,if you are trying to preserve credit or do not care etc.More info on your individual situation would help.

I did mean set your deductibles higher to decrease your premiums.Thanks Steve.

The house looks great.I would recommend you change the ad though:"$800/Month, (first & last month to move in)"When they give you notice they won't pay the last month and you have no security deposit.