His parents however do not, nor ever, have claimed a “gain “or income from the property - as the total "rent" we pay each month goes toward satisfying the mortgage and tax requirements and are the ones solely responsible for the home and its upkeep.This past January Ryan’s parents officially “gifted” the property to Ryan, quitclaiming the title in his name only, removing their names from the deed.

I was just looking back at the official diary thread from the first summit and reliving.....good times.From the looks of this, it is going to be STELLAR!!

We will be able to show the home starting this weekend officially.

So what will happen when I turn up to the court, and I do not have that proof from the official "Servicemembers civil relief act" website. 

You need to answer, have a hearing before the judge, and get the deal in the official record or you loose.

We haven't had garbage fines, it is the noise ones and we have language in the lease that the tenants pay all municipal fines for ordinance non-compliance and if they fail to do so we will pay and charge it back to the tenant, deducting from deposit if need be.

Does your lease have any language as to the tenant being at all responsible for any aspect of maintenance and repairs themselves?

There are late charges within their lease agreements and language about termination for non payment.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $180,000

Side by side duplex: 3/2 and 3/1 each unit with integral garage, deck and basement

What made y...

thank you all who bothered reading, english is not my native language so i know it may be messy and hard to read at times,  and have a nice day !