@Rema W.Have an open and honest dialogue about how this is going to play outMake sure your tenant understands what the rules say and how they workDescribe in detail what happens when the requirements of the law are not metDo not let the tenant control any aspect of this scenario- especially if they have a record of late paymentsBe fair but firm

Hi Jeff,8-12% is a safe bet depending on how intensive you want the management company's services to be.

Plus the burn out of not having success buying for first timers I'm sure plays a role as well.

Played them as a kid but don't like them now but I still pay it and have no choice!!!

If you have owned this property for 6 months already then no 6 month waiting period will come into play.  

It is also very labor intensive. 

Not a lot of BPers play in that market segment.Regarding where do the denied tenants go?

I guess it’s just the rules of the game we play…Thanks!

I'm trying to be aware of different systems out there and play it safe.

However as I still do work a day job, I an not quite at the point where I can start taking Random Phone calls from the general public, which makes Driving for Dollars, and mail campaigns challenging to field leads (Phone Calls) in the middle of the work day.This is where I need to start playing to my strengths.