I urge you not to "look down" on manufactured housing as you can save a fortune buying it versus modular and the following should be considered in your exit strategy: - Sales method: manufactured depending on the year (most areas 15 years is the max age for financing conventionally) - Price: manufactured $10,000 to $20,000 total price for something VERY habitable.

Completely rehabbed the house is worth $60k max ($55 is probably more likely), and it needs about $25k worth of work just to make it habitable - no heating/air, no hw heater, no kitchen, no bathroom (all been gutted), complete electric service rewiring, no salvageable floors, etc.

I know they should have planned but maybe something came up during the month and they ran short.If it becomes a habit over the next few months then you can decide to renew the lease or not based on that.

Offer 50% of deposit for pain and suffering for mutual missunderstanding; allege you will report the unit 'unfit for habitation'. 

I see my car as a vital tool in my business(es).  

All of them came to the same determination that I should just not charge rent for the time the unit was not habitable.

I know a lot of people will read the headline of this blog and move right along to something else.Because, in reality, there’s definitely a segment of investors - particularly new investors - who aren’t in the position to actually pay cash for an investment property… at least an investment property that’s habitable and in a respectable area.But, for those of you in the position where you could pay all cash for an investment home, I’m sure you’ve debated the idea of paying cash, or using a mortgage - leverage - to help pay for the property.This is a long-standing debate in the investment world and one that really doesn’t have a magic bullet answer.At the end of the day, the answer all comes down to your personal needs and wants and what makes the best sense for you as an investor.So, I thought I would spend some time discussing Pros/Cons of both and also talk about how we’ve used both over the years during our investment ventures.Pros of Paying Cash for a Rental Home Initial Cost Savings - Mortgages aren’t free.

After some bad habits in college I figured out how to fix my own credit.

It's all about building good habits.

They'll vacate the building and tag it as not habitable.