But in reality these people never follow up, never get to a number so I don’t even get to say no!

@Dan DiFilippo Sorry man.... ha ha I am not trying to be a downer, but that is the reality of the market we have now.

In reality, its up to the banks to enforce the contract, if they want to. the majority of Fannie Mae backed loans get sold a few months after closing, so the banker you are dealing with isnt even the one holding the loan.

The Flood insurance is not required but I'm still worried about this area, you know the new verse the reality is kind of unknown for me since I'm not from the Houston Area.

This market is guaranteed until 2025 unless the fed magically changes their own mind which would take voting etc....It is an interesting question if the Fed will be able to defy reality for that long. 

Technically you have options like small claim court, etc but in reality after you run the numbers for the cost, time, effort associated with executing those options you will see that it isn’t worth it and keeping their deposit is all that makes sense in this situation. 

Some items:The higher rent appreciating market will always eventually have superior cash flow as long as rent appreciation exceeds expense inflation (excluding extraction of value which is in reality what most investors do).  

In all reality separating expenses by property with in an llc is for reporting purposes only as they all filter into the llc tax return (I could be wrong).

Funny, I have also been thinking the same thing, that we'll all try to live in denial (stagflation) until reality hits us in the face in a way that can't be ignored, and then hyper-inflation and much bigger problems. 

Our family been dreaming about running a family coffee shop for several years but the reality of expenses seems a bit intimidating.