Re-reading the lease, I see the tenants did not get permission for a dog, notify the PM about the dog, or pay the nonrefundable pet deposit.

However, the new tenant is older and claims to have health issues where she cannot push/pull anything over 15lbs. and cannot do the trash once per month.

It hides the damage from water/pet stains pretty well but still accentuates the wood grain.

The duplex has a no pet policy.My property manager gave her a 30 day notice to cure or vacate (should have been 3 day).

Lastly, I have a personal pet peeve about having someone else's crap holding my project hostage.

Various exotic animals for pets, the biggest diamond in the world, 2 Billion, and a pimp cup lol.My father has been involved in real estate and investment for the past 32 years successfully and I have nothing but the utmost respect for him and his journey.Although he makes a modest living.

I tried looking at retirement communities because her health is poor, but they are incredibly expensive.

Dawn I would say the rate is high because of this:"Bank will do the deal at 15% down and 10 year fixed 6.5%"Only 15% is being put down instead of 25 to 35% the typical bank is asking for.So they price potential of default and all the other factors with appraisals and equity spreads into the rate.For much larger down the investor on the loan will take a much lower rate if it is a premium property.Less risk-less return is almost tied to anything.You need to go back a few years at least.I like to go five to ten and see how much insurance and property taxes have risen for that property on an annual basis.If they have not risen and stayed flat or went down I find out why.Could be a mistake on the city or counties part and it's fixing to go up or could be a temporary assessment relief program etc.The point is if these sharply rise in the near future it can throw off your projected numbers.I would try to fight the property tax if comps support it and get the taxes lowered to increase your bottom line.Regardless of age if you mishandle a a property (even a new one) and get crap tenants in there your maintenance costs will be huge.I have seen the wrong tenants DESTROY and brand new looking apartment in a matter of months.They also created a bug problem for the other good paying tenants that kept their place clean.With my buildings I have it in the lease that we do unit inspections every few weeks and if they do not keep the place clean then we evict immediately.When tenants apply we find when we say this upfront it gets rid of the deadbeats wanting to live like slobs,have unauthorized pets,and have big parties that trash the place.When factoring repairs is this property local to where you live??

We have lost a couple of soldiers to rabies in the last couple of years even though we cull and have a strict policy of no pets.

What do you guys do for health insurance?