Keep your correspondence to written responses.

After receiving no correspondence from whatsoever from the tenant, after the allowable 14 days (as stated by Alabama State law and the lease agreement), I went into the unit and it was all moved out except the smelly, outside bin for garbage and a pile of what appeared to be junk was in the middle of the living room.

If you want to invest in the City of Detroit, you should understand the higher risks associated with the correspondingly higher returns.Otherwise, you can still get great returns in the suburbs.

Here's a list of what we ask for in our LOIs and contracts:Operating financial statements for the property, including income statements, expense statements, capital expenditures, for the last two years of operation and year-to-date financial statements for 2020.Prior two (2) years tax returns and addendums for the Property.Current tenant leases, tenant correspondence, tenant credit information, tenant security deposit register, and delinquency report.Onsite staff payroll records to include salary, bonuses, payroll taxes, benefits, etc.Monthly owner statements and rent rolls for the past 12 months.Contracts, service agreements, and files pertaining to the property.List of maintenance all maintenance requests (complete and incomplete) for the last two years of operations.Real estate tax billings and assessments and other correspondence pertaining to real estate tax calculations at the property.Copy of Insurance Policy and claims documentation (loss runs).List of capital improvements and any and all necessary related documentation and warranties.All existing warranties and guarantees from architects, contractors, and material and equipment suppliers, all of which would be assigned to Purchase.Any existing environmental Phase I/II reports, engineering reports, soil, mold, radon, asbestos, hazardous substance, termite, or other tests, studies, or reports.Any existing appraisals.Itemized inventory of all personal property.Twelve (12) months of utility, water and sewer bills.Twelve (12) months of bank statements.Verification of additional income from operations including but not limited to application, pet, late, and other fees, etc.Copies of title policies, title reports, land surveys, site plans, deeds, or any architectural plans for the property.History of or pending litigation against the Property, its owners, or its managers related to the Property or the operation thereof.Such additional information, documentation, or access as Purchaser shall require

I am buying a multiunit rental and the rate I am getting is “ the rate will be calculated 5 business days prior to closing and will be fixed for 5 years at a rate of 275 basis points over corresponding federal reserve statistical release H.15 five year treasury constants maturity with a floor of 4.5%.

This corresponded with my figures when I researched probably 1,000 nearby AirBnb/VRBO/Homeaway properties that were similar.

@Logan Heydt since Rhode Island has come up let me say, it has its pluses and minuses like most areas.On the plus side, you'll definitely find buildings that are much more accessible price-wise than the greater Boston area.On the down side, rents will be correspondingly lower as well, and the RI economy isn't nearly as vibrant as Boston.In terms of economic booms and busts, RI is usually the first to dip down when there's a recession and the last to come back.

I've corresponded with a few from this site who have said they are getting out of notes due to the work and capital involved.

In general, a vehicle purchased for business has a corresponding deduction based on:Type of VehicleUse of Vehicle (% of overall use for business)Certain types of vehicles - namely Trucks (IRS definition of a truck) and full-size SUVs -- experience a full depreciation on the year you purchase them to the degree that the vehicle is used for business. 

@Shannon Beavers do you have any correspondence to support that you hired them to do a specific project?