I understand the best case scenerio is your new tenant moves in the same day your last tenant moves out.I wonder how some of you landlords minimize the turn over time.This mean you do showings while the last tenant was still occupying the property.To me the problem is, during the last two weeks or so of a tenant leaving the property, usually the property interior is a mess.

I asked my bank today, and I was told that you have to occupy the house for 6 months before you can sell it.I have looked into hard money and the rates do not leave much room for a profit.

My aim right now is to acquire enough cash-flowing properties to leave my job and be free to do some marketing/flipping.

Id love to get together for coffee just not able to commit right this moment...Can we leave that open?

People have exit strategy of rental if the flip doesn't work.Even as a flip if you try to sell it at $145,000, you will pay approx. 10% in closing cost including commission, which leaves you net of $130,500, which is basically your investment in the property.Have you tried to connect with other investors in the area and see what they are doing?

Would you still LLC or leave it to later?

If you have everything tied up in one property and the tenant leaves, your occupancy rate is 0%.

Leave your wallet and credit cards in the car.

Is it just "easier" to do without a security deposit and leave yourself open to that risk rather than the potential for a lawsuit if you don't follow one of the many, many, many rules around the deposit?

Once you get a good sec 8 tenant, never let them leave.