In our small corner of the market, ~1,000 units in Northwest Ohio, our rent increases are softening, but we are actually at our lowest level of late payments and evictions in over 2 years.

Haven't had any luck lately but the market has gotten harder to find deals.

Lastly, I have been lenient with the tenants regarding late rent.

Hey guys, late to the party, but I'm heavily involved in investment real estate as a Broker Associate and investor in Fredericksburg, TX as well as our second home in Natchez, MS.

Quote from @Seth Gordon: Good afternoon,I am new to the BRRRR community and wanted to see if anyone has any good information to share.

List all the mistakes you made, from screening to accepting late rents. 

April-May and Late Oct to Mid December. 

Hey @Jeff Ryan - While I can not speak to your exact situation, I can speak to the thousands of homes I have walked here in Chicago, where majority of the homes were built in the late 1800s/early 1900s.I would say that 7/10 of the older homes I look at have some sort of settlement in the foundation, which causes the cracks and sloped floors you are mentioned you are seeing in your property. 

Sorry to be a little late to the party, but I am not clear on what exactly you want to do.Do you want to separate the first floor from the basement and then use the basement for a crash pad for when you visit?

Hi @Reid H McKee and @Andrew Wright, Sorry this is quite a bit late.