On the other hand, if I paid $50,000 for the property, almost everyone would agree that would be a great deal.

Post or hand out your rules and credit requirements at every showing, making it clear you are a no-nonsense landlord.

Read do-it-yourself books.If you need more hands, there will be somewhere in your area where you can hire day labor, have them work with you, then pay them at the end of the day.If you hire contractors, you will need to supervise them carefully.It sounds like money is an issue.

On the other hand, if inflation really kicks up and interest rates start up, I wouldn't be surprised to see a whole flurry of due on sale calls.If the buyer doesn't pay, you have to foreclose.

I don't know them first hand, but these guys do a lot of advertising around town:Rental Network5400 N Mesa St # DEl Paso, TX 79912(915) 581-4900http://www.rentalnetworkep.com/

When bird-dogging, you find deals and then hand them over.

Is he in any way holding a good hand here or can I simply dismiss this letter as a threat?

I know that there are other states where that rule applies, so that is something you should check into.I sure hope you know to not give them a penny until all their stuff is out and they hand you the keys.

If trips and fullhouses are flopping all day long....guess what...I'd probably pass on a straight hand with the board showing a pair.You can find this out by requesting two bits of information from local real estate agents. 1.

No one at Bigger Pockets put me up to this… And, I am not affiliated with Bigger Pockets in any way… I just enjoy the site and thought I jump in and lend a hand!