Newer tenant who signed a non-smoking agreement when he moved in was smoking pot.

Karen Cook, realtor and investor in Houston

Not viable with someone else's hands in the pot.

I set up my reserves as follows10% to Vacancy10% management even though I self manage now, later I will not.10% repairs 10% to Capital expenditures I will pot this money until I hit 10k reserves, this will cover most any expense that hits.My buying criteria is that after my reserves and Piti, I need 100 cash flow per door.Hope this helps.

@Shane Cook, I would ask around and see if you can speak to an attorney.

For your linens, pots & pans, cleaning supplies; just buy from Wal Mart. 

I feel their appraisal will influence their acceptance of this short sale offer.The owners will be moving out mid June and the property will go to pot.

Yes, I work with tax assessment attorneys all over Cook and the collar counties.

While he was already in a work program (maintenance in a local hotel) and came HIGHLY recommended by both his supervisors (so highly recommended they provided him with furniture and cooking products since he came with nothing) and his parole officer, his tenancy with me lasted only four months. 

While we do have very high crime areas (and sadly news stories about them) our great city is a melting pot of people and opportunity with pockets of very nice mixed into areas that are not so nice.