We do update if it is extremely old/poor looking but as long as it is average we will just deep clean it and leave it.Vacancy is almost never an issue since the area is highly desired, close to highway, shopping so we typically rent at market rent or sometimes 50$ below if they are willing to sign a multiple year lease.

He would rather just leave the money in his bank account.What can I do so that I am not stuck with half of the profits but all of the tax burden?

Once they move in one of my properties its just like the "Hotel California", you can check out but you can never leave.

Originally posted by @James Mudd:...and then refinance to conventional.Okay, so you will buy with FHA with little down, pay 100% of the upfront MIP which is 1.75% of the loan amount, pay the closing costs, then over the first year pay down the LTV to under 80%, then refinance conventional and pay all the closing costs again.Sorry, it still does not make any sense.Run the numbers, you would be a lot of money ahead by just getting a conventional loan at less than 80% LTV from day one.What detail are you leaving out that makes this make sense to you?

For someone leaving a job with benefits, the realities of paying for healthcare often come as a major shock.

She's given notice that she's leaving the end of Feb, right?

Leave your assumptions at home.

The renter is very unorganized and leaves the place a total mess while showings are going on.

The quickest way to leave the JOB (Just Over Broke) world and invest full time is goal setting.

In Tim's case, $500/month in rent, less 50% for expenses leaves $250/month in NOI or $3000/year