Rents are collected via social security and donations from non profits as these are elderly people, therefore the rent is paid timely- Thoughts?

I heard about this method after listening to Rod Khleif's podcast episode # 209.

I am seeking an understanding of something in particular that I haven't been able to find in the forums.It is likely that we will be seeking an eviction judgment against our current tenant and I am wondering how the security deposit factors into that judgment.We will ask for rent & fees owed and court costs in the judgment.

Account ClosedIf you and your colleagues have a tenants in common agreement in place and you and your colleagues own the property in both of your names - you and your colleague should be entitled to report each person's share of income and expenses on your individual tax return instead of filing a form 1065.There are some benefits with this method such as not having to file a partnership return which can cost $$Furthermore - you don't have to wait for the partnership return to be completed before you can complete your individual return.The only possible downside is that you may have to calculate depreciation separately.$1600 a year for a partnership return - I hope that didn't wipe out all your cash-flow!

Paying cash may help investors sleep better at night (ignorance being bliss) but losing all that money every month is certainly not wise investing.A wise investor maximises leverage to generate highest returns on cash and holds a reserve in other vehicles to be used for the same security as dead equity while still earning maximum returns.

But I know I won't be able to do my job forever and I like the security and freedom that Real Estate Investing has to offer.I'm currently managing one property part-time but I'm looking to own and manage future properties; most likely out of state.

We have also found several smaller local banks and credit unions in border areas (New England, the Rust Belt) that will make secured loans to Canadians.

Is there some sort of limition on this method?

I think you are referring to "cash for keys," be it through a formal rent control method,  or through ad hoc agreements with the tenants (cash and free rent for "x" period of time, etc..).

I'm stuck in the mindset that maybe Park City or Garden City would work for AirBnB properties, but is it a method that works elsewhere?