What the law says is often more of a last resort than a first option initially when there is a dispute because enforcing your rights in court and collecting afterwards can be costly and difficult. 2.

Let’s connect and support each other on this exciting venture.

Private lenders are becoming a go-to option because they’re able to close deals quickly without all the hoops that banks make you jump through.

This is a high cost of living area, and in the neighborhood right now, I see a 3 BR of worse finish quality listed for $3k and a 4 BR that's about equal for $3900, both unfurnished with long term leases.

The house and the condo would each breakeven if they were rented due to the mortgages we currently have.

I have already learned a few costly lessons about real estate investing, and I am ready to move the needle in a positive direction. 

I have made strides to help another investor find deals as well as take my own down. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

However, Landlords face even greater cost pressures that lead to the increase decisions.

Let’s start with some basics of realistic expenses offset versus unrealistic gold rush paradigms in a high cost, high tax, low occupancy state:You’re not getting 20% CoC.