By the way, add Nashville to your list of prospects.

Love how the podcasts get us considering different options, regardless of the outcome.

@Jon HoldmanHad a prospect who wanted a month to month and I agreed and wrote it up that either party could terminate the agreement with 30 days written notice without a reason.

I found an interesting prospect.

@Darieal S.I hope that the outcome is good.Lastly, make sure the next time you consider a home for rehab, take into account all the surrounding homes.Usually you want to rehab the worst home on a good block.

One of the things that I do is keep a waiting list of prospective tenants so if someone leaves you do not have any down time on rental cash flow.

You are not the only one sending to NODs and odds are they have a large stack of mailers on the table.In terms of copy, I prefer to tailor it to the prospect so something more addressing their financial situation and how you can solve such problem may be better.

Anything special you put in your leases or applications or tell prospective tenants?

I love contracts and the law but the job prospects and loan debt are troubling...

As far as outcomes go, he has about 200k for investments purposes to which I can add 30k.