Naturally they have buried their heads and have not been responding to any form of communication so I feel that on the 17th, I will have to file for eviction.If anyone could give some good references it would be greatly appreciated.Thanks!

Therefore, the net cash flow (especially in higher priced markets) may not have as high of % as it did in 2010, but the actual dollars left over after expenses are likely higher, thereby providing adequate cushion for expected and unexpected costs.

You can't do this....with this property....so to me the value is the same in 4 years.Then you are buying cash flow...and you have to decide if the cash flow is adequate for your investment.

Secondary and tertiary markets are your best friend, but it can be hard to find ones that cash flow well and have adequate rental demand due to their less densely populated nature.I love the state of indiana for low taxes and great laws, but rents and saturation can be an issue there too.

If it’s something you are naturally drawn to, that will work in your favor.

Interest on proceeds used to buy a rental is generally deductible, interest on proceeds used to pay your individual taxes is personal in nature and non-deductible.There are specific rules on what order proceed "lots" are paid back per the interest tracing rules when mixed use is involved.I recommend speaking with your tax pro and keeping them in the loop regarding this plan.

If the dog is mild natured and this was a simple accident then I wouldn't worry about it.

So by nature there is always going to be a lot of work, generally these are older properties which require more maintenance cost to be placed in reserve.

Could you please elaborate why an LLC would not be an adequate option?

I would like to learn more about setting up a LLC (or other legal entity) to own the investment properties and accounting/financial strategies to offset the income with the expenses... things of that nature.