So you have to just plan ahead as best you can, be clear with all parties involved about the transaction and expectations, and work in good faith.Tenants will be responsible for all maintenance, care, and cleaning of the property so that everything is in good working order. 

If you're just trying to have the properties all paid off free and clear before you jump into the next one then go ahead and pay it off if it makes you feel more comfortable.

Hi Guys,Just wanted to ask if members would share how long it took to get to the second deal and what vehicle they used to make it happen?

Right now, I am mainly looking for a buy and hold rental property in the Charlotte and surrounding areas.I appreciate the recommendations ahead of time!

You need to know what you're getting into ahead of time before you make such a move. 

If you rent is paid electronically to a website or something you can send a friendly monthly email about 5 days ahead of time.Include greetings like happy holidays and what not so they don't think you're harassing a good on time tenant.

What they do off the property isn't your concern, until and unless they bring it inside.If they are smoking inside, agree with others to go ahead and remove them if you wish.But if them "getting away with it" is to completely leave your property and smoke at the street, I'm not clear on your issue.

Yes, you will make some money on the cash flow and some years will be better than others but what you will probably find over time is that after 5 years you are only slightly ahead in terms of income.

I gave her a heads up and she was able to cough up the balance minus the fees.

We are in for some VERY interesting times just ahead.