Hello- My tenant signed a one year lease (after completing a two year lease) in July.  They just called two days ago (October 10th) to tell me they are breaking the lease and will move out and stop paying rent Novembe...

Curtis,I'm not familiar with the laws in VA (not a lawyer) but we have the same type of law here in DE. 

After de-dogging and de-catting more than one unit, we are glad to have a no pet policy.

@James Wise  the one man shops are were you risk losing all your RENT :)  when they walk off with all the rent proceeds and don't think it does not happen.Also in the past 10 years with small time SFR rentals being Soup De Jur  have to be mindful of competition.. 

If you are in California this will include a high annual franchise fee, but you can also look into the Delaware Statutory Trust - as this isn't charged that franchise fee.If you have any questions on this stuff, feel free to ask or DM me.This isn't legal advice, just my opinion as a real estate investor.

If you are doing seller financing, I would tell the seller to consult their tax professional and attorney for their own protection. https://www.govinfo.gov/app/de...

A good HOA can be a de facto property manager if leveraged correctly.

Quote from @Paul De Luca: Quote from @Jared Hottle: One of my friends was having this problem with an up down duplex and put insulation in when he needed to replace the flooring already. seems to be working.Going to keep this tip in mind for the future.

Either way, $6k is more than the de minimis safe harbor of $2.5kMaybe favorable treatment under the small taxpayer safe harbor. 

There was a guy on this site named Wendell De Guzman who was a complete fraud.. but he posted a ton and lots of people followed him  you had Handy Andy down in ATL.. some Bp folks got in a mess with him.. so on and so forth.