You could be his saving grace by giving him a chance to improve and become a good tenant or by clarifying for him that your place is not a good match for what he believes he needs and allow him to quickly move on to another place that's better suited for him.

During this basic cleanup and buildout stage we received various offers which quickly revealed to us the high potential that this cannabis real estate market may provide.

Hey Richard, based on the numbers you presented that sounds pretty good, the owner occupant strategy with MFH is a great way to grow a portfolio quickly due to the low down payment.  

It can also help you learn to be a landlord while being able to quickly respond to tenant issues because you live on site.I lean towards personal conventional loans if possible because you can more highly leverage and in theory get a better ROI.

If I can find even 3-4/year that would add up to a significant cash flow quickly.

I'm not doing ads on Facebook, Instagram etc... my thought is the people who need to sell their home fast are more likely to be watching TV or listening to the radio..I'll drive by any properties that seem promising and call the owner back for a chat.

If you moved then rent up from $600 per side towards $700 per side that very quickly gets you near a 20% CAP, which is excellent.As a matter of interest, if you take out your property management costs, and manage your self, you're at 19% CAP without raising rent.

You’ll save yourself a lot of headache.I’ve read the books, I’ve heard the promises, I’ve sifted through the bragging of the infinite returns that can be made with no money down.  

She moved out on the 29th, I had the unit cleaned as she was still moving her stuff out, made notes of repairs and did the quick ones myself that day. 

When a deal pops up act quick.