You can deduct the vacancy and any lease termination fees you have built into the agreement.

The townhome has appreciated in value to about $350k (per Zillow and RedFin) over the few years I’ve owned it, so estimating $150k in equity, about 45:55 self to bank equity ownership.The townhome now has a leak that has lingered and gotten worse over the few months waiting for an insurance claim decision, ultimately being denied coverage so now I’m stuck with having to cover the entire expense.I’m also considering selling the property once it is fixed so I can take the funds from this 1 single family property in Houston to apply towards funding a possible multi-family property in Austin, TX.The quotes to fix are around $15k-$20k, which I’m not excited to just pay out of pocket, nor do I think I really can at this point in time.

They might have been less interested in exchanging their 8% home mortgage to a new one at 4%, but these days they may be much more interested in exchanging the 3% or sub 3% to one that is 7% and maybe earning another origination and underwriting fee.

With the ability to recover the excess funds afterwards - so they're out the taxes the purchase paid on their behalf plus a potentially steep fee for doing so.

@Gino BarbaroWe got a bid from Caldwell and they wanted 1.75/day per machine plus monitoring and credit card fees plus every year the price goes up by CPI min 3% & the contract is for 8 years. 

It seems most of the HOA's have figured out the insurance issues from the past couple of years and have leveled out their HOA fees and insurance assessments.

Rich, quick question- from your experience, what's the average net cash flow per unit per month you're getting on your self-storage property?

Most maintenance requests are scheduled between the vendor and tenant within minutes, not days.

And it takes 4 free & clear to provide MEDIAN income PER PERSON.

@John Perrings So you’re saying the high surrender rates on WLI are not true?