If you raise the rents enough though tenants will naturally move out when the place gets tired and your rents are high.In a strong market like we have you can do major improvements and change the type of renter you have.

As a contractor, I know that sometimes you have to pull everything back to find the damage and repair it, otherwise, you just have a money pit that keeps sucking up all your resources, and never is what it could have been, had it been repaired properly.

We can wait ~2 years to pull cash from the fiveplex to buy larger places, but I'm wondering about strategy.

When it comes to purposely leaning heavy on what was previously an indiscriminate, free-flow of clearinghouse dollars, something of a higher bureaucratic nature is abrew.

@Michael Lauther & @James Vermillion I am rather cheap by nature so I don't want to give away 8-11% of my profit margin for someone to manage rentals that have had long term renters in them.

And if you are new the entire process, it will be even tougher to it pull off without the help of a Realtor.If you are a rehabber, the commission for the agent (that will ultimately sell the house) should be counted in the figures the day you buy the house.

Back to my point, the discussion and request seem to be very broad in nature opposed to specific, which I think also illustrates a lack of acute understanding of those attempting to engage in a discussion about notes.

I pulled over, took the sign out of the ground and knocked on the guys door... here we are today, i have always been a believer that the early bird get the worm.

That may result in them pulling the loan.

Not sure what more you would "owe your boss" considering you have done well and get paid comission only if you pull your weight.