Often times, I get a potential tenant ask to split up the deposit or something else creative to lower the amount they have to come up with initially.

Get several quotes on this, the "big name" guys, the ones with the full page ads in the phone book are often 3 or 4 times as much as the "no name" guys.Good luck.all cash

You won't replace a roof very often, but when you do, it will be expensive.

The practice has infuriated me for as long as I can remember—mostly because: 1) I am not one of those children or grandchildren, 2) The wacked-out principles behind such gifts, and 3) What often happens to the money and the recipients.

We do a fair amount of multifamily too (mainly larger complexes), and have found expenses on smaller complexes (10-50) can be quite a bit higher per door and are often under-reported by sellers and management companies.

I realize this is often a very emotional thing for people, "respect" for ancestors and staying in familiar surroundings both come into play.In fact, tax-wise it's often way stupid to liquidate real property.

They still expect full price, often they have an inflated idea what their home is worth.

A work ethic is absolutely a requirement to success...no doubt.But I think another often overlooked ingredient to success is passion.If what you do is a labor of love you'll never stop.

Because you know that you will always be able to get those vacancies filled quickly, or keep them from going vacant too often in the first place.

This is the reason that most people quit this business before they make it big, because they can't handle the (often) disapointment.