Treat it as a business relationship.

This is a serious business and should be treated no different than any other business you want to be successful in.

I'm assuming upon walkthough I should treat it like a normal rental walkthough and document everything with pictures and have them sign off on condition?

Jeff,I have very good success by hiring a retired husband and wife to run the complex and give them a small salary and a free apartment, and they will go the extra mile for you and treat all tenants with respect and most PM do not live on property, and they lose control with everyone.

Here is my plan thus far:I will treat myself as a hard money lender.

Dividends aren't subject to SS/Medicare taxes and are treated as capital gains.I am not a lawyer, so take everything with a grain of salt.

In fact, repairs themselves are a small expense item - the system replacements aren't usually lumped in as a repair (they are treated as capital items).

I live in central Florida i have an odor removal business get someone to treat the home with ozone. do not buy an ozone generator on amazon thinking that it will work you will need several powerful ozone generators it will probably cost a few hundred $$$ anywhere from 300-on up depending on the size of the home. we now build our own ozone generators. to see what ozone can do and treat we have a wealth of information on our web site www.no-more-odor.comps. on a side note i just purchased my first 2 investments homes on auction.com this week i'm so scared cause now we are almost broke after these cash purchases.

She knows that I can give her notice anytime if she treats me the way she has.Anyway, the only problem might be if someone puts in partial payments and if you try to evict it shows that you accepted partial payments, which can work against you in court.

I'd treat it like any other defect and adjust the price accordingly.