Hello BiggerPockets community,I'm having some confusion with standard practice for 'First, last, deposit' collection in the scenario that the first month will be prorated.Say for instance: My property has a rent of $1000 monthly with a deposit of one month's rent ($1000), and a targeted lease start of the 15th.Given that rent will be due on the first of every month, what is the amount which should be collected for the initial 'First, last, deposit'?

My mortgage payments on the duplex increased dramatically over the last year as well, and currently it is appraised at 720K with 4,100/mo rent.

So, after paying off the mortgage,  would net $58k (and wouldn't pay capital gains taxes as I have so many losses from previous years).

cant quite recall Engelo I do remember though last time in checked in a few years ago the US category did not really have much of any action compared to when I used to post on it..

- You should run your profit and loss numbers assuming a property management company. 

My condo in Marco Island is doing very well but prices have gone up significantly the last two years so I'm not sure how people make the economics work purchasing now.  

My last resort is to borrow from myself.

New to investing for myself but been around it being in real estate and working with investor clients over the last 8 years.

I would like to add to that I've just been busy with other stuff.I keep track of income / expenses for my 3 income producing properties in a spreadsheet.I also just bought a new home last year and still trying to sell the old home.

**CAREFUL** the landscape has shifted somewhat with the influx of new inventory in the last couple years.