The tenants seem to stay longer and treat it as a home instead of an apartment.

Or...people get jealous about it and treat you differently.

So treat the fully occupied thing as a bonus, definately don't count on it.There was one other thing I was looking at incorrectly when I was property hunting back then.

However it seems to me that they knew as much as I did as their inspection showed termite damage and they asked us to treat it prior to close.

Selling the interest in an LLC, would/could be treated differently.

My lease has the Tenants paying the first 50 dollars of any minor repairs.Also, we treat our rental account and funds all as reserves.

The question is how do I treat the initial $500.

I would treat each differently, though you're certainly correct to be concerned.- Why do you think he confessed this?

If someone does a decent (but not spectacular) job on a project, it's tempting to keep him around as you know you'll at least get decent performance on future jobs; but in my opinion, I'd rather cut him loose and try to find someone who is better than decent.My next piece of advice is that when you find a great contractor, treat him like gold.

You will come across "crazy" people every once in a while, but if you are in tune with the laws and treat people with respect you shouldnt have to worry.