Your alternative is losing stacks of those Benjamins to continued lost rent, paying attorneys and the court/administrative costs.Messing with the utilities in the dead of winter in Chicago will only put you on the wrong side of the law.

I'm looking to utilize my knowledge as an agent, as well as my degree in Accounting, to develop a highly successful and profitable business.My overall goal is to purchase single family homes and 2-5 unit buildings, and rent them out.

Even if it is paid off, you still have taxes, insurance, utilities, lawn care, etc.

It is a mobile home park, with 48 lots (leased for $150.00), no park owned homes, and pays for their own utilities, 44 lots occupied.All Annually These expenses are from the park, Real estate taxes: $2593.50Outdoor lighting: $672Liability Insurance: $500Lawn: $720NOI:The gross NOI is $79,200I Would Add Or Change To The Following Expenses, Such As:Management: $ 3,168Other: $ 300Lawn: $ 1500Insurance: $ 1000Travel: $ 800Loan from bank:Interest from bank: 6.5%15 years amortizationLoan for down payment:Interest for investors: 8%Questions:It seems every park I run into there is no money left after I pay back the bank and investors.

Set backs, amount of lot utilized, bulk planes, and the list goes on.

So you're in the right place if you utilize it correctly!

You will learn over time the value of great customer service to that tenant and how to provide it without letting them take advantage of you.All of that applies whether you physically manage the properties yourself, hire an outside property management firm or hire your own property manager(s).

I own this thing free and clear, and my property taxes & utilities are always paid current.What if I decided to:a) Stop paying my HOA fees and never pay them againb) Fall out of compliance with the HOA restrictions in some other way (stop mowing the lawn, let my house fall apart, some other obnoxious violation).What kind of consequences would I have to deal with from the HOA?

I don't know specifics other than personally knowing a whole list of satisfied customers through the years; none of which were RE investors; mostly primary res, consumer loans, banking, etc.

However, print advertising for commercial property for rent for a week or a couple of Sundays should not be very expensive, so I would probably do both just to make sure the judge is satisfied.I am assuming the upcoming hearing is about lost (previous and future) rent since the customer vacated the premises.