Seal of teh area, get it done, and don't tell the company and you will be liable for any damage done to their property.

This is an effective way to market that is frequently forgotten.

That way you would get the effect you want (loosing the dude-n-dollas) yet not impose any more requirements on forum participation.

They'll provide answers to 99% of any tax questions you may have, and help you to be much more effective in developing strategy with your CPA.

I didn't read through all of it but it seems good enough.On the pet issue I do not do deposits.I do a one time "pet acceptance fee" that is non-refundable.I explain to potential tenants that even though they take care of an animal over the years the pets will do damage to the property.I tell them it covers my costs to fix the normal wear and tear an animal causes over time.You can also charge a monthly pet fee to have the animal if you like.

I am concerned about getting back a damaged unit that will take a lot of money to repair, but I don't want to let that fear push me into making side deals with tenants.

I understand that a higher debt balance would lead to a higher effective interest rate but i do not understand how the loan term would change (unless the buyer opts for the same monthly payments before and after the capitalization of the closing costs)

Amazing how fragile porcelain can be :/ To make a long story short I attempted to replace the toilet on a damaged floor without knowing about adjusting flanges or whatever the heck they are called for 2 whole days...

Any insurance claims for damages to the property were settled when the property was restored to full operating condition.Seller dislosure tells you about any defects with the property that you may not be able to see.

Fine, if you buy that house and get that $700 in rent, month after month, year after year, with very few late payments, missed payments, extended vacancies, evictions, and/or property damage, then you're right, you did find a great deal.If anybody here has several (not just one) rentals in a certain area that truly meet this 2% "rule" AND have met it for several years (not just the last 2 months since you bought the place), I would really like to know where they are.