A lot of times I don't clearly understand that a choice had to be made, for example, about marketing strategy.

One check they clearly cashed, (I got the cleared check from the bank,) yet they wouldn't apply the payment until I provided proof they cashed my check.They recently insisted on communication only through certified mail, or get the lawyers involved.

I rehabbed, have owned free-and-clear two multifamily buildings: 8 and 5-unit for 3+ years.Essentially zero vacancy and steady rent increase in this popular downtown location.Annual NOI is $140K although I manage them myself.

And by the time we're 50, we would own it free and clear (and before the kid goes off to $$$ college).

Thanks Karen M. and Ryan Richard, more research is clearly needed.

I make that clear when I tell them I've accepted the application.

Fortunately I am going to be able to support myself even if I couldn't rent the property right away.One thing I clearly underestimated though was the quality of tenants.

The owner has the property free and clear.

So, if you have an inspector look at the property or a plumber clear a drain, they will have to wait several days or a week before they can get paid.

@Jaime RaskulineczI was hoping for a confusion clear up in the 2 above contradictory statements.