Amanda, I just want to say yours is the first full thread I've read, (as I just joined) and you have just inspired the living s^%t out of me.

@Larry T. 

In my experience, even when legal, growers tend to keep their homes clean, don't have wild parties and will pay their rent before anything else [ plants not easy to transport] And if you're lucky, at Christmas he will give you something a little better than an 'I Love My landlord" t-shirt.

I let set at least 24 hours before applying finishing clear coat or wax;Vac the entire room, wipe the floor, walls, woodwork and ceiling , I know, extreme, but there will be no dust to settle on the floor for pre stain and clear coats, I use a cotton T-shirt as a cleaning rag, prevents lint you may get from other rags. :)    

I agree with other posters, it will cost you less in money, stress, and time to wait for the right tenant.

Have your sh*t together.- Have professionally prepared taxes and do not bury a bunch of expenses into your rentals.  

The K.I.S.S. principle to a T!

Originally posted by Mario T.

A week or two ago there was a discussion regarding the 50% rule based on this "positive cash flow" article by John T Reed (actually Reed uses 45%, but that's neither here nor there for my question).In the article Reed presents a formula for determining if a rental property will have positive cash flow or not, but I can't make sense of the reasoning behind the formula and Reed doesn't really explain it.

Welcome to BP @Caressa T.