Why not just follow Tom McElroy’s tax advice from rich dad books & ignore all middle class savings tools including IRA’s, 401ks etc.

I will be following this thread.

You just keep the leases in a safe place and follow them .

Always consult with your attorney before you rely on the above information.Chris,  thank you so much for the follow up.

On the lease it states as follows: "Lessee is expected to maintain and care for the property, which includes, but is not limited to the following: Pest control including but not limited to mice, ants, small rodents, etc."

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That being said, a lot of the traditional rules like 2% and 50% don't really apply for me.My property doesn't come close to the 2% rule, or 1%.It's important to keep in mind the following -- The expenses on my property aren't really much more than a multifamily that is worth 10% of my property's value.

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@Liwen Gu most homeowners associations can legally assign HUGE fines, like $100 PER DAY, when covenants are not followed.

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