You would be wasting your time with a collection service.

6 months won't likely have much effect..positively anyway...in regards to property value.

I didn't do an application or credit check, and said to him something to the effect 'you may be able to live for free if you get a decent roommate you can tolerate...'

Again I'm not 100% sure of this yet like I said still in research phase but you may want to look into that some since that will definitely have an effect on your cashflow.

A big waste is putting new carpet into a rental.

Many people pay the taxes before the close, so there's no sense wasting a bid on a certificate that my become unavailable right before the close.I've spent a little more time looking at last year's auction results and realized that the top 6 winners, based on amount they purchased, all had bidder numbers in sequential order (except one bidder but I'll explain).When you sign up to participate in these online auctions, they assign you a Bidder Number.

If they are stock sizes, it might be more cost effective in the long term to replace completetly; but that depends on how the windows tie into your existing building skin.

Buying off the MLS at a discount and selling to a cash buyer for a higher amount via a double closing is certainly possible if you know what a good deal is, have a large buyers list (not just one or two who are agents), how to properly and effectively negotiate, and where and how to find that good deal before someone else does.

Effectively you are 50% owners but legally you are the owner (also for tax purposes-- i think).

How much will it effect the small investors, will it kill them?