Currently he is earning 1/10 of a percent on the money in there.

You earned it.

Jason, going through a broker, at least for now probably worth the extra expense he might add.

Divide the NOI by the interest rate you expect to earn from the building and that is the max price to offer.

Also, if I have to evict - and in most cases my tenants are not collectable - I get the month rent, plus court fees, plus some extra for the holes in the wall.To your question 3:Short answer: yes.You have to get the judgement.

Life is too short to do something because you "owe it to someone," except in the case where you really do owe it to someone because they went out of their way to make an *extra* effort for you.

I'm not going to pay an extra $100-$200 to the city and then have a government agent enter my residence.If you walked away from every house that had work done without permits, you would never buy one.

As an aside, I have read that if you spend the extra money on vertical blinds, you get your money back becuase they are less prone to breakage.

He said that he would be able to get me earned income tax credit.

And the great thing is that a person's potential to earn a high income at their job is not that much lower than the big coastal cities (maybe 20-30%).