Good deals tend to be reserved for the players who know the market and in the circle. 

Current tenant doesn't pay water, sewage, garbage which I will have to eat until I change the lease.Projected Rent Revenue - 3000PITI - 245015% Reserves - 450Cash Flow = 100Yearly CF - 1200Total Investment - 40000ROI - 3%I acknowledge that 3% isn't great.

Current tenant doesn't pay water, sewage, garbage which I will have to eat until I change the lease.Projected Rent Revenue - 3000PITI - 245015% Reserves - 450Cash Flow = 100Yearly CF - 1200Total Investment - 40000ROI - 3%I acknowledge that 3% isn't great.

For sake of simplicity of calculation, assume 0% for renewal/backfill tenants.Lease term: 10 YearsStorage Income: $15,000/year with 3% annual increasesOperating Expenses: $8.00 PSF annually with 3% annual inflationCap Ex reserve: $0.15 PSF annuallyRoof replacement cost: Year 3: $200,000Sale assumptions:Hold period: 9 YearsTerminal Cap Rate: 10%Cost of Sale: 4%Questions:What is the property’s Current NOI?

Those that can't I'll work with to keep them in their home.but i dont have a emergency reserve of cash.used the cash to Brrr my Son's first investment property.so I quickly put a condo (owned out right) up for sale 10k below market value. have it under agreement now with solid buyers (good jobs being of most importance)if/when it closes I'll have my War Chest

If you have a good deal come your way but are hesitant to pull the trigger, referring that lead to someone in your network/marketplace will go a long way in building your reputation in the marketplace.Be sure you have solid reserves for the unknown.

Do you have reserves to weather through the storm for a few months?

Keep your reserves high.

If they put themselves in a strong financial position, bought with cash flow, have reserves, acquired long term debt, they'll be fine in any market condition.

. ($50K worth of issues) Our contingency was only 15% of the estimated renovation portion of the loan, which didn’t cover the $50K so we ended up coming out of pocket almost $40K just to get everything done because the lender refused to pay the contractor out of the contingency reserve until the project was totally complete.