I told them if they left by the end of the month, I would give them the remaining month’s deposit to go get a new place, avoid any eviction, and they would have to clean, touch up the paint, and work with me to show the unit before the 1st.I ended up getting lucky here - renting the unit with 1 day turnover at a higher rent than previously, to a better tenant, w/ no out of pocket except my time.

Is the partner going to get any sort of preferred return on his capital while it remains tied up in this deal?

Unfortunately, it's a good hedge against inflation or a housing market bubble burst to have a house that is very rentable and a low interest 15 or 30 year loan in place, and enough cash flow to keep your head above water.

She wants to move in with her current boyfriend.I told her no way, she's responsible for the entire balance of the lease, and if she moves out anyway, she's been put on notice in writing that I intend to sue her for the remaining balance of the lease, and garnishment will follow that.

Good inflation hedge too..

The lease or mortgage modification applies to a primary residence.In this case the spouse has leased a second home, while the Act extends to debts of the servicer member and immediate family, a second home wouldn't qualify unless the lease is over a certain amount (like over $2,000 a month).Debts are not terminated but limited and remain in place and any modification reverts back to the original obligation and is payable.My question is that if he has been in the states why wasn't she with him?

This falsely inflates the numbers to look better.

We have had "defenders" of such claims on BP in the past, that investors are not required to follow generally accepted accounting principles, true, in their accounting system, but they are when it gets to public investing or applying for financing, so the only reason to have a double standard would be to puff or inflate claims.

If you believe appreciation and inflation will happen then leverage is the way to go.Scenario #1 Own a single 100k house outright.Scenario #2 Own 5 100k houses with 20k down on each.If you have appreciation of 10%, scenario #1 gains 10k in equity and scenario #2 gains 50k in equity.With inflation, the debt you owe in scenario #2 will be worth progressively less.Interest rates are low now.

"But you don't have to beat inflation to make an acceptable return.