I forsee 4 properties/year max.Our lender requires 25% down so unless I use some creative financing (which I am not familiar with) I will be limited to one property for the next 2 years until the rent coming in can be counted as qualifying income by the bank so we can get another loan.

Yes, David, you will hear positive feedback... does this reply count?

You may be able save the tenancy, but don't count on it, especially if they are into addictive substances.

I don't count on any of those to make money, but they are great bonuses.

I realize I should probably apply the initial $50 deposit by nature of it being a "pet deposit", but would you deduct the rest of the extermination fee from the normal security deposit or count the $25/mo funds toward this and give them a full security deposit refund?

You can expect a mad frenzy of posts as we get closer to the winning post by those trying to win what ever Josh decides will be  the grad prize.Just be forewarned that making frivolous posts like this one will increase your post count and if not voted on, will decrease your influence on BP, but hey, since when has that been an issue really?

Your post count isn't crazy high, so that would be my guess.  

Not only that but a powerful smell of cat urine from the 7 cats i counted as they ran passed me when i entered the front door!

Its a situation where families can't count on the sale of their grandparents house to pay the bills after they've passed away because of it.

I talked to lender and he said if you want to refi to 20 years again now, your mnthly payment will go down to 2300 which will put me in break even point (not counting maintenance and other things).