@Steven Lebischak, it would be nice to think that your $1400/m tenants would just be happy to pay you more than they'd be paying if they bought a place themselves, forever, but, you should allow around 1 months vacancy each year (rather than the 3% vacancy allowance I see on many of the pro forma "Calc Review Reports").

Of course, you'll still want to thoroughly review it and perhaps have an attorney look it over.

Toughen up or get out of the business--or suffer the emotional roller coaster an experienced tenant can put you through.Story from my upcoming book "Excuses Tenants Provide":  "I had to use the rent money to fix my car". 

Very experienced w investors. 

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All,Please help me analyze this property. I included a monthly insurance of $120. This would be my first property so I don't know if this is an accurate number. The annual taxes were taken from the MLS and I would liv...

Lets connect perhaps this may be something an experienced investor such as yourself may be interested on or someone you know. 

Need some advice! Recently purchased a property with (2) garage apartments. 1 currently has a resident and the remaining apartment is being slightly renovated to make it suitable for rentals.Being that I personally mo...

From the lens of a REI newb, I've been reviewing various regional and state info re: RE & economic about Vermont. 

Can I put contingencies like, 1) need to pass city rental inspection(scheduling that will be tough with in 5 days).2) Satisfactory review of all tenants related document, lease, income, criminal check, employment, rent payment historyAlso any suggestion on what should I be looking for.