In any event, I will be adding an addendum to my rental agreements in which I will cover proper use of garbage disposals and maybe add a service call fee in which it is shown that misuse caused the service call.In 15 years, I have NEVER had a tenant report a "clogged drain" and have never had to pay a single Rotor Rooter service call.

If it's PEX with a crimp fitting, you shouldn't have any problem - PEX can spin in a circle on its crimp (not that you should go doing it).

We could spin these once complete to Horton or Lennar for 85k per.. however we can pick up builder profit on top if we build them out and we have bank financing on this at 6% Cash equity required 500k when we took the A and D loan down...

There is a way to do it that gets you great traction and learning and another way where you just spin your wheels and get nowhere.I see some new members grow and flourish and others flounder as they get frustrated and quit when they can't have things their way.

However, many new investors' heads start spinning with the amount of information and struggle to know where to begin and who to believe.  

We also looked at another complex, 15 units, and the same scenario - shady tenant base, owner that paid a ridiculous amount and is looking to now cash out before there's another collapse....it's almost comical, and the sellers are spinning tales of 8% and higher cap rates - yet none can begin to calculate how they got that number.

How do you spin this doom and gloomers?

Your time is more valuable than any amount of money and if the tenants are really serious about the home then they will have no problem seeing the home on your time schedule, but if the tenants are pushy and are in a "rush" you end spinning your wheels without any movement forward at all - burned out.

But someone who has owned a piece of investment property (even one that accompanied a primary residence with the intent of holding and subsequently does only the minimum necessary to spin that off from a primary residence and intends to buy more property to hold for productive use would stand a good chance of doing a successful 1031.  

Hey Guys!Looking for a little guidance or a swift kick in butt (as long as its in the right direction).  I am finally at the take action phase in my plan.  I have listened to countless hours of podcasts, scoured this ...