I ended up offering $620,000 and he said he will think about it but did not seem disgusted with the offer so I'm starting to think I offered too much.The property right now is collecting rent of $7,100/month and he uses the commercial unit and also one of the studio's for storage so that would be approx another $1900/month in rent.

So if they're supposed to get 10K keep 5 until they're out so if they don't leave then you start collecting their "rent" out of that and start filing your eviction.

The other part is that I turn 39 on Wednesday, and I am literally starting the second half of my life with nothing and a drastic career change, which will require not only massive amounts of time, but also massive financial commitments.My overall goal with this is to acquire enough property to be able to support myself whilst I attend naturopathic medical school and begin a practice.

Looking for some information on Best Practices.

I usually charge a $300 pet cleaning deposit, so if I do that and not collect the extra per month we're talking a difference of $60.So, thanks for reading all of that, what would you do?

It's customary that default will award 10% of the sale price for or as liquidated damages and if not paid upon demand the party in default agrees to pay costs of court, reasonable attorney fees and collection costs, so defaulting can get expensive.

If you have a joint bank account as an unmarried couple, thinking you both contribute to pay expenses and collect rents in it, the other person can empty the account and leave town and you don't have much recourse.

I wanted to know if I lease my house for 24 months and collect $2400 how long would I need to hold the check before I could cash it.

Hi Heidi,Many of the agents are coming from JOBS where they collect a paycheck.

This means that they would buy the next X payments, give me a fixed amount, and I would resume collecting after their X payments were done.For me it didn't make sense.