Keep cash on hand and don't put yourself in a position where if your tenant needs a new roof or AC unit right now that you'll have to put it on a high interest credit card.Second, I realize that everybody's experiences are different and so is everybody's unique skill set. 

Hello, I’m the end buyer, getting this assignment Trust through a wholesaler.

ALL my sub tos ended up all right.  

Account ClosedIts a good point about the yardsAlot of pro framers I know who do high volume use 84 Lumber and smaller regional type yards not the Menards etc.   

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

We ended up just taking time to look at the deal in real time. 

Another pitfall is under improving properties in low income areas believing that since its a depressed area in terms of income the people will not have high standards. 

Makes me think more about it. 400k does seem high when you put it like that.

Meanwhile at the other end of the spectrum there are turn-key providers who specialise in new-construction.

I just listed a 3br house for rent. Until now, I haven't thought about how to handle it if not all of the applicants meet my minimum credit score. Should I just deny them all? Or, should I accept with conditions if on...