I usually put about $30k into my flips, depending on if it needs any big ticket items like a septic system, heating system, etc.

Use words like can and may or could, not will, shall, would.What I suggest is you not go there, you're not a collector, what you say can hurt you even if it's with the best intentions.He may have walked out thinking he knows how hard it might be to collect and doesn't care too.It's better to turn judgments over for collection, the cost od collection might be less than you'd settle for with him.A debtor has many tools in the box to use against a creditor, you can't just use logic or opinions in collections as they may take anything and use your collection efforts against you.

Practice negotiating with people at garage sales and people who offer items for sale in their yards like cars, boats, etc.

Capital items get added to your basis, but you don't take depreciation for a residence.When you convert a residence into a rental, your basis is the lower of the basis or the fair market value when the conversion is done.

I would imagine because cold items are not a year round draw like a Starbucks and a Subway would be in that area serving hot foods and drinks as a selection.

Under paragraph 11, titled Maintenance, it says:“Tenant shall immediately notify Landlord, in writing, of any problem, malfunction or damage with any item on the property.

In my past dealings I always include an 8% line item for property management in addition to my 10% for vacancy and 10% for CapEx/Maintenance.

One Podio question for you - do you treat properties and sellers as separate items in Podio and just link them with a relationship?

This is also your first point at which some degree of error can be introduced, as AVM's are typically based on public record sales, and public records don't include attributes like view, curb appeal, and other less tangible items that can effect price.

There are a few non-negotiable items like a new roof and refinishing the hardwood floors, but I will be able to cheat on the kitchen and the bathroom.As far as an ideal tenant, I really just want a family that has stable income and won't destroy the house but will also go the extra mile and look after the house and neighborhood.