By the end of the episode he had prescribed so many medications to counter the effects of the original simple prescription.

After the tenants have left, I do whatever is needed to clean/repair/turn the property and then subtract any damages and cleaning from their deposit based on the move in/move out form.

This will ultimately effect what I am able to purchase the property for right?

I think you will also have many more repairs than are found initially. 8 years is a long time for a property to be vacant without major damage being done to the property.

This time I scared the deadbeats into deediing it back, saving me $1200 or so in attorney fees, and got a $2000 insurance settlement check from them for some damage caused by "vandals"-probably their tenants as these guys were, unknown to me, trying to be landlords without having a clue what they were doing.Anyway I've been working on it for 3 weeks, on thier utilities and insurance and now have a contract for $100K.

It’s the next few that will permanently damage your rating. 4.

Add in principle payments, taxes, insurance, association dues, vacancies, maintenantce, advertising, tenant screening, legal fees, evictions, tenant damage, etc., etc., and you're in the hole several hundred, maybe even close to a thousand a month on that one property.

The second difference is that you will have "loss of rents" coverage, which you don't get in a homeowner's policy, which pays you for any rents lost during repairs from damage that is covered.

So, your division into the different percentages may or may not actually pan out.You've missed some items, like advertising, tenant screening, tenant damage, legal fees, cost for a CPA.

Hello EveryoneI wanted to know if anyone here has a resource/web site were I can find the population and job growth trends of different markets.basically i want to know what areas are the people moving to, and i also want to know were are the jobs moving to as well.I've tried the census bureau, but for some reason which I don't know, but it just seems this isn't the info I need, or it isn't organized the way I want it or something (or maybe i'm using the site wrong or something, i just don't really know).basically i'm looking for something that shows a huge snapshot of all markets or states along with there PROJECTED population and job growth info, were I can take that info and drill down to the actual local areas that are effected the most by this info, then checkout if that info is accurate..