The downside would be it takes about 3 to 4 business days to receive the rent money.

I'm particularly passionate about multi-family properties.Outside of real estate, I enjoy spending time with family and friends and traveling.Excited to learn and connect with you all!

We barely spend a minute in a room to show the layout to prospective students.subsequent to a showing yesterday I get the following email.

Hard money loan.

Also, it may save you a lot of money/headache if you buy a plane ticket and rent a car to see it for yourself.

Years later you have a great location worth a lot of money. 

Take your money out with a refinance and get another property?

Tell your tenant the payment bounced and give them 72 hours to provide you with a cashiers check or money order so it doesn't bounce again.

You will likely need to eventually buy another property within the 5 year mark as it is likely hard to justify spending 750 hours on one property(Duplex in a given year.750 hours divided by 52 weeks is about 14.5 hours a week.

Ethically, they should give you the new owner should give you the money; but they don't have to.