I don't know the laws about a deposit limits...that's why we hired and pay a property manager :) The pm is a licensed Realtor and actually the broker/ owner of a local company and manages several other properties.I've gotten some new info about the situation and no longer  think he may be trying to keep the deposit from us....it really never was collected (there are emails between pm and tenants to this effect).HOWEVER we were never notified about this.  

To determine the real long term worthiness, consider that you're effectively a tenant to yourself. 

. $50K in cash can go a long way if used effectively!

Hi everyone I'm curious to everyone's opinion of the United States economy/dollar and its relation and effect to the rental market if the federal reserve don't raise rates and eventually collapse the dollar.For those that currently have rental investments, I'm curious to your thoughts and plans for such events, and what do you think will happen to mortgage loans if money is still financed, and renters?

Check out the podcast if you haven't already, there are several great episodes on effective marketing. 

How often would you like to communicate with your manager?

I’m currently involved with a property in Chicago through EquityBuild and I’m very satisfied with my investment and communications. 

If I take $180k (a possible original loan amount) and plug it into a financial calculator for a 30 year fixed and 3.875% rate, it says the P&I payment is $846.If I tell it to pretend the P&I payment is $200 higher, $1046, and ask it to spit out the effective current interest rate, it spits out 5.715%.If I suppose that you've had this house for 3-5 years and don't want to go back to year one of 30, then you can look at a 25 year fixed.

We drove, he cried, he cried harder, he never went to sleep, I got a call while out and couldn't communicate due to the fussing, we never made it to the restaurant, we went home where he was finally relaxed and went to bed.  

At the end of the day,  the person we are communicating with is just like us...human.