By prioritizing fundamentals over chasing ROI benchmarks, he’s now sitting on an asset that’s appreciated 30% and maintained strong cash flow.Personally, I once miscalculated reserves on a triplex I bought early in my career.

It happens, a fair bit.

They will read that if the borrower does this:    Fails to pay tax's,  Fails to maintain the property ( commits waste) , fails to provide insurance  or ALIENATES the title..

For a number of reasons we are going to need to make that jump fairly soon, so if anyone has made the move already I would be very happy to buy them lunch in exchange for their thoughts! 

A lawyer might be able to answer this better, but most rentals fall under fair housing laws (there are exceptions) and that protects against discrimination based on familial status which means children or someone who is pregnant.

Once you are familiar properly evaluating a deal and identifying most of the potential obstacles, it becomes fairly straightforward and your profit margins go up considerably.

Personally that would be a pain to maintain and do lol

He is disrespectful, had over 30+ liens and city fines from failing to maintain his properties.

Personally, if your market tends toward the former condition (better/normal appreciation) I think it's a fairly safe deal looking at the long term, assuming infrastructure around you continues to support the idea of renting it.

Thanks for the colleague request.The concept of TDR is fairly simple and straightforward.