A bad tenant is guaranteed to cost you thousands, maybe tens of thousands, as a result of our pro tenant regulations that will keep a non paying tenant in your property for months. 

Hello,I am a US permanently living overseas. I am interested in real estate investment in the US but not quite sure how to go about it. It seems that if I am interested in going at it as a private individual, I'd have...

Hello,I am a US permanently living overseas. I am interested in real estate investment in the US but not quite sure how to go about it. It seems that if I am interested in going at it as a private individual, I'd have...

But you can only use non-recourse financing, which typically requires larger down-payment, depending on the balance of your 401k and the purchase price, this may or may not work for you.

@Joe Platyan I represent landlords against non-paying tenants and am not aware of which laws you might be referring to. 

Sometimes putting a non threatening note on the door helps, which says something like “I am the new owner and would like to help you move.

I have seen some charge a 1-3% disposition fee and some non at all.Also for the management fee 1-3% is reasonable. 

My favorite thing is to build shelving into the walls - for example, our stairway to the basement has shelving for cleaning supplies, which we built into the stud space of the walls.

@Sean Graham, I recently had a tenant who was non renewed and they didn't pay last months rent so they had a deposit for their new place.I am in the process of taking them to small claims court for breach of contract where I will ask judge to also have them pay my costs to file and serve them assuming I win.If you receive a judgement and they still don't pay them you can file another form to garnish their wages.I don't intend to make garnishment a hardship so they have trouble paying rent at new place and will be open to a 12-36 month payback term, so long as I am made whole on rent and fees.This is my first time going thru the process so I am uncertain of outcome, although I have a paper trail for rents paid and unpaid, and texts from them admitting they were not going to pay.Here is a helpful link.http://www.ag.state.il.us/consumers/smlclaims.htmlBest,Ashley

You will need to do a 506(c) if you wish to advertise and that is accredited onlyYou can do a 506(b) which allows non accredited but sophisticated but you cannot advertisePublishing info requesting people to fund a deal is not recommended since it violated sec regulations (note I am not an attorney)