We bought are first place for 20,000 back win the ticket was good 19 99 Prince sing that song.

They have gotten me out of tickets, written letters for me, reviewed docs, and they also answer general legal questions when I have them - instead of paying $150 for a half hour appointment with another attorney.

On a side note it’s beautiful outside today, anyone interested in a round of golf?

Just got back from deployment and saving up for round two.

I was just wondering if any seasoned investors had any tips for effectively screening tenants. ( Back round, credit, etc ) Any advice is greatly appreciated.

I don’t want to find a great deal and then have it get away!

I am certain it's as you say, the husband just did his own repair work, cutting corners, probably not doing the upkeep right at all, just whatever he could get away with.Thanks again Taylor. 

If you know where to go and what to buy, you can get away paying a similar price as the cheap materials at the wrong place.Best of luck!

For example, you buy a $400,000 house and your monthly payment is $2200 (I’m using round numbers) and year 1 pay down on your loan is $5000 (again round numbers) OR you buy a four plex and your monthly out of pocket after accounting for expenses and rental income is $1500 and your year one pay down is $10,000.Here you have hopefully subsidized your monthly payment to near or below marker and doubled your pay down for less money.

However, once involved in the discussions, I noted that experienced guys on equity side appear to pretty much trust the experienced developer's numbers, round down on estimated sales/exit - as in "you're projecting a sale of $92.5M, let's just say $90M", and then reminding developer that a very high preferred rate will be given to passive investors, so if projections are off, they will be the first to suffer, followed by the equity sponsor (i.e. very good alignment of interests since these guys are all taking very little fees, instead focusing on back end and trust in themselves and their deals.)