My two instances of not being firm enough have effected my cashflow a bit (I should have stuck to my raising the rent that month for the 85 year old lady instead of postponing it for 3 months), but not enough to make me grimace.

And they will be tougher to come by when the new rules go into effect Aug 1, though that should impact lenders backed by Freddie not Fannie if I understand it correctly.

There are ways to get all of the information for free however it is time consuming and most investors don't want to waste their time trying to do that.

The contract clearly states that they have the right to do this, so a lawsuit would be a waste of time. 8)

This question prompted from this comment made on another thread:Originally posted by "dafly":My two instances of not being firm enough have effected my cashflow a bit (I should have stuck to my raising the rent that month for the 85 year old lady instead of postponing it for 3 months), but not enough to make me grimace.

One aspect of goal setting, that is vital in its effectiveness, is recording or verbalizing them.

PLace your own signs around town that say something to the effect of "I sell CHEAP houses, DEEP discounts, phone number" 4.

So either way, there is still tax, and that reduces your effective rate.Getting an ARM also exposes you to higher rates in the future.

I know this is an ad click revenue site & you need thousands of users,but it is tedious to wade through the posts to get to the good ones..The signal to noise ratio is terrible.I just get so tired of seeing TV,hearing radio,books on this stuff.If it's isn't get rich quick at poker,it's flipping houses.The rich dad guy appears to be the biggest scam of all.From what i've heard,he appears to live in a universe where there are no bad deals,bad tenants or housing bubbles.Ask your RE agent how many deals have been backed out of & time wasted trying to do business with 1 of these seminar gurus.

So, if you want to get them onto leases, you could notify them the month-to-month tenancy is being terminated effective some date, and at the same time offer them a lease to continue in the same place.