If one of my employees, when I was a manager, messed up, and they did, I didn't even get upset, I would just send them home as "punishment". [ note that I did not dictate their salary at the time, the corporation did. and I felt they obviously needed that little paycheck, and did not get terribly upset for their mistakes ]The point was that the banks, while a payment from a different source might be considered a constructive notice, have put in place systems [ computer / minimum wage worker ] that intentionally ignore it anyway.

My biggest impediment to expanding my business is that I'm a major control freak, and I wouldn't be comfortable investing in locations I'm unfamiliar with.

Commercial financing (anything above 4 units is no longer a SFH) is running 6's I believe but that would require 25%... if you're going a smaller down payment and getting 8% that's not terrible.Have you looked for other sources of equity?

I guess my biggest concern is the dishonesty on the app, but considering the collections from 2008, I can see why they would lie.

Consider the source of the announcement (Obama) Doesn't exactly have a record of truthfulness.

This is one of those things that just makes me shake my head and wonder what people are thinking! I found this quote today on the blog of another company here in Memphis:

“The uptick is attributed to a continued int...

private sellers, brokers and businesses are offering those....Craigslist is also an excellent source of sellers offering their property under a lease option...one hour of good research online could give you more leads than an entire day prospecting for a lease option seller...worth the try.

Note that this pool will also compete with your desire to procure more debt from the same source as new projects crop up.Originally posted by David Beard:Obviously comparisons to equity market volatility and low bond/CD yields are your chief selling point, and are compelling.Possibly.

My understanding is that it works like this:income = income from all sources except rentalsdebt = debt payments from all loans except mortgages on the rentalsnet rental income = income from rentals after deducting all expenses including mortgage interest but not depreciation. 

Mike and Joe, thanks for the replies.Joe, that's exactly my biggest concern that tenants might claim that it wasn't them.I think I might just stick to paper and pen for now.