They have more skin in the game then you do.Make sure you get clear title.

I put cap ex at 1000 per door a year ball parking it so 160 a month I am not including the studio in these evaluations because I will live theremaitnance as 85 a monthvacancy of 160 a monthSo over all looks like this so far.40k downprice 158500rents 1700 monthtax and insurance 560monthcap ex 170 monthmaitnance 85 monthvacancy 160 monthall together 975 a monthsubtract that from both units rentAnd there is 725 left over enough to cover the principle and interest and leave like 100 bucks left over for my utility's and such.current owner says the coin laundry downstairs covers the water and tenants take care of there electric and suchNow just 100 left over isn't much only 1200 a year not a very good return on 40k but when I move out and instal a fire escape in the studio as I live there I can rent that for another 550. after I adjusted the numbers for the studio this deal looks really good because I am able to keep pretty much everything the studio would produce.I'd get like 6k a year and get a 25 percent cash on cash which sounds as delicious as it can get.It is in a working c class class area. on the worse side of it. that's were most of the duplexes in the area are to be honest.

Maybe in a year move and leave them both rented.

Taking a deposit from tenants helps to mitigate the risk and may keep you from having to file an insurance claim in the event that there is any damage to your unit, plus if the tenants have "skin in the game" in the form of a deposit that they are at risk of losing you may have a better chance of renting to a tenant and getting your unit back in tact at the end of the lease.

If your building is poorly built, that could be a disaster; a tenant leaving the heat off(to save $$ or because they forgot to pay their electric bill) during a cold snap could cause burst pipes and big damage.

If you can't take a call don't worry about it, if they're motivated, they'll leave a message.Really the only exception to giving everyone lots of easy ways to reach you is if you're trying to push prospects through a specifically crafted funnel.For example, I do rent to own, which means when I advertise a house I get hundreds of 'buyers' who can't possibly afford it.

Turns out the seller is going through a short sale with the property and is willing to accept less than the listing price but I been reading about short sale fraud and I'm going to leave this one alone because I dont want to be caught up with the FBI.

You will be responsible for crediting it back to the tenant when she eventually leaves.

This would inform the tenant they’re in violation of the lease and must correct the violation or leave.

., if you're in the 30% tax bracket, you cut your earnings by 30% to account for taxes, or if you simply leave as is since you'll likely have most of your income eaten up, on paper, by depreciation and expenses?