I have quad 4 unit buildings that are town homes.What I have found is it is much better to put all tile on the main floor instead of carpet or vinyl.Upstairs with the carpet it doesn't get worn down as much as the main level.When you evict a tenant with tile it is mop and go and not fixing tears in vinyl or carpet that can't be salvaged.The dirty carpets tend to attract bug problems as well.You can find tile cheap and buy a big area rug to warm it up for cheap.The key with tile is the contractors can kill you on the install fee.You have to find a contractor hungry for money.I can get tile 12 X 12 for 56 cents a sq ft.Main level I would spend about 229.60 in tiles,another 150.00 in mix for bonding and grout for finish and just put back old finish trim down and repaint.Can get a hungry contractor for 75.00 a day to tile day one and finish grout 75.00 day two.Total cost 529.60 for main level.I have 1,178 sq ft with 2 story but I leave carpet upstairs and on the stairs and tile the main.Don't pay high prices.Be patient and turn over rocks to find the great deals.

I'm willing to spend money fixing the portion of the porch roof which is not mine but I will only be able to do so much.My though is that as long as I get my properties highly insured this should not be an issue.

Find better deals where you can spend an extra 10-15% for insured contractors.

After numerous attempts to get one GC to stop talking, I extended my hand mid-sentence and said, "thanks for stopping by."

Most people spend so much time planning every minute detail that they actually forget make offers.

Spend the time it takes to learn everything, and there is A LOT to learn.

The only thing I would change is offer 1 yr balloons with YOUR option to extend if he makes all payments on time in a year.

The time period is extended as you continue to buy and sell properties in this group, until you sell the last one.

.$500 per month rent$1100.00 option consideration paid as follows: $100 now with contract, and the balance to be paid within 30 days subject to my "associates" (tenant/buyer) agreeing to the purchase.3 year lease term with possibility to extend one year after that.$0 rent credit.Here is my CYA and 3 exit strategies.1.

Its a fine line we have to walk on to not spend much but keep quality tenants so 2 Questions:1) How does an Investor/Landlord control spending habits?