The only deduction I could possibly justify to myself are any loss of rent from the agreed upon delayed start date and the day a new tenant moved in- I would attempt to negotiate the return of the full $1500 deposit as an agreed settlement as IMO losing 3x the deposit and attorney's fees are a real possibility-Lastly, those who have indicated that any judgement against would be difficult to collect is absolutely NOT true. 

Anything over 10% left in is poor planning on the front end of the deal unless it was purely voluntary on the back end.

& If they can't keep up with rent, I will not evict them (lol)This question is a little off the main topic, but for my main property (the one i am currently living in)Is there any method or way to get this mortgage paid off faster?

Remember, everything on the way in is just a projection.

Sink or swim I'm diving in.  I

That was the primary focus of the article referenced above.The question I am really interested in is: after the LLC takes the loan cash-out proceeds and distributes to partners, are the partners taxed on that distribution?

I have the same question for a different reason.There are a couple markets outside of my own that I will become active in.  I

@Ricky QuachWelcome on in, I have been studying and looking in California for a while and no real cash on cash returns here that I am seeing, as I am learning.

A big expense item is water and sewer be sure to work that in. I

I live in queens NY which is way overpriced and I’m looking to see what other areas in the northeast people are investing rental properties in. I