. , it's common for investors not working with an agent to skip the two part process, it's not a law, just a convention, probably NAR

Reason is there's been scams where a mortgage is taken out, the landlord collects 12 or more months up front, and skip town.For those I gave the go ahead, I had them give me 12 post dated checks up front.

They would skip my funeral if I left them an apartment building. 

You will have to occasionally chase your rent payments and if a tenant skips out in the middle of the night (this has happened to us and certainly will again) you are left with a vacated unit that will likely need to cleaned out and white boxed for the next tenant. 

I do use a small bit of mosaic in the bathrooms a few tiles here and there definately not a strip but in the kitchen its just way to busy to use as a backsplash- I find myself getting dissy just looking at these pictures and when I look a rehabs I tend to just skip the ones with mosaic in the kitchens.I think a kitchen is somewhere you want to stay alot- especially as a woman I think kitchens should make women want to entertain so I prefer a more classic looking kitchen.

You can easily read the book in one sitting to learn more (skip the first dozen chapters, they are fluff).

My first day the phones, I talked myself into skipping work.

Skip trace?

I break it down like this (5% - $22.50 Vacancy5% - $22.50 Credit Losses (Uncollected rent and skips)10% - $45.00 Property Management5% - $22.50 Maintenance/Repair10% - $45.00 CapEx (Depends on age of property)5% - $22.50 Tax and insurance10% - $45.00 Utilities, Landscaping, HOA fees, etc.5% - 22.50 Misc (Pest Control, Legal, Accounting, Leasing)Total = $247.50Common Expenses to look for (What you provided):Vacancy ($22.50)Property Taxes ($30.83)Insurance ($25.00)Maint.

You will also "skip" a payment as well to give you a bit more cash.