As I get older, I become more cautious about high risk endeavors.Here is my reasoning for being concerned about this madness.

There's nothing you can do in that case other than buy space heaters and realize the tenant will be mad.

The last 4 have come from probate leads that I market to like a mad man that have never been listed on the MLS.

I dont want to make him mad, he is a good tenant other than that I have had no problems but I think I should have the right to make the calls on these issues

I got my nickname because my last name is Shadow and when I turned 16 and got my drivers license I used to drive really fast over all the back roads, many of which had little humps in them.

I realize now I rambled a bit in the response but yes cashflow to me is a safety net and cash on cash return is a driver of wealth. 

That’s why your tax dollars go up.Keep in mind these are often people like janitors and bus drivers who typically don’t make that kind of money.

Major modeling issues:waterfalls (GP/LP splits), asset drivers - revenue mix, rent roll, expense ratios -, and financing details can makeMost, if not all, multifamily models are simple cash flow models based off T3/T6/T12 financials.

Here is a list of the screening requirements I put my potential tenants through: Credit CheckBackground CheckPersonal Reference Check (Minimum 2)Landlord Reference Check (Minimum 2)Applicant must submit 2 current months of pay stubs and bank statements If the applicant works independently or cannot provide pay stubs then applicant must submit 2 most recent tax returns and bank statements.Applicant must submit a scanned driver’s licenseThis could be overkill for markets with lower average household income.

I had a friend who was hit by a DUI driver who was in this country illegally.