An eviction is planned for next week due to non-payment and an assortment of run-ins with the police.Not sure what the cost will be to get the place cleaned up and back on the market (doors broken in, glass in the oven door shattered, possible drug use), but I do hope to try again and learn from the lessons of this first experience.

You don't need $50,000 in your account, but you do need some money, $1,000 makes life much easier.

Hi Patrick.I can share our statement:Provide affordable, clean, and safe housing to lower income tenants.

We have cleaned, primed, and painted the walls, cabinets etc.

Why don't you go over there and fix what you can, clean the place up, didn't they fix things for you and clean up after you?

We then evolved into trusts to hold the same as its easier to manage the holdings & (hopefully) eliminates future spousal/probate, privacy issues etc.

Any damages (ie nasty carpet) would come out of the security deposit, but if the carpets are that bad then she's no getting the other unit.I'm fine with the extra $20 per month the previous landlord set up for the dogs, but also would rather have extra amount in the security deposit for cleaning up any pet issues.

The idea being that a refinance is easier to acquire than a standard conventional loan from the beginning; and possibly not require the standard 20%-25% down.

Its just feels easier and more secure as I am nearing pay off of my first SFR.

Buying and selling vacant land is much easier than dealing with houses, but it still takes considerable time and effort.