If a track record is missing, then consider partnering up with an experienced investor to account for the track record.

Assuming a 12 month lease starts Jan 1st and ends Dec 31st, tenant terminates early and moves out as of 06/30, then the security deposit has to be accounted for and returned by 11/01 (Dec 31 minus 60 days)?

So if the mortgage is $10k/month they want to see annual NOI be about $150k (or at least a compelling story on how you'll get there.

Account Closed I definitely get rid of difficult unreasonable tenants.

It's a win-win- Home office: Get reimbursed for actual expenses incurred in home office under an accountable plan.- Section 105 plan: Make yours and your family health expenses 100% deductible.- Augusta Loophole: An S corporation owner can rent his or her entire home to the S corporation for up to 14 days per year and get big tax deductions.

As long as it makes sense as an investment property, meaning, I am hitting my personal cash-flow and ROI goals while covering all the expenses you have accounted for in your analysis, then it is a WIN, and I move forward with the deal.

I have about four savings account which totals a little over 3k for different reasons like Emergency (2k), Travel (1k), a credit union saving (~300+), and investments (~350 and adding [Had more but I spent it some stuff to educate myself and get started with the stock market.

You can also connect with real estate attorneys, tax accountants, etc.

Hood properties have much higher expenses than most new investors account for. 

Complete your end of tenancy accounting.