Then, their monthly payment to me covers my payment on the mortgage and usually I get $500 to $700 per month *more* than the payment I am making.

Question:  is now that I opened a LLC To cover me in case of a lawsuit.

Question: is now that I opened a LLC To cover me in case of a lawsuit.

Also, I charge more in rent if a unit is rented to 4 people as opposed to 2, as I cover some utilities.

Richard, consider using other assets to pay the taxes or obtain a loan from a bank to cover the taxes.

While you may not be able to directly prevent them from vaping, if there is damage caused by it your lease will have you covered.

There is free landlord software out there that will provide you with online applications and screenings as well as market syndication so your property is posted to all of the major listing sites (i.e. apartments.com, realtor.com, Craigslist, etc.).

He under quoted us about $50k, not including the upgrades we chose, since we had funds to cover that.

Based on your posting the damage seems to be extensive, especially since it’s affecting the structure of the home such as a floor beam, sill plate and subfloors.It appears there is active termites as well as a beetle issue and both must be resolved before repairs can de done.You didn’t mention home value, just purchase price so it’s difficult to say what to do from this point.At a minimum, I would have the termites and beetles dealt with and get a bond from the termite company to cover the first year for more treatment.Also, have a licensed contractor give you a repair estimate.

You could require that the property must appraise for at least 148K and that you will cover the difference above that.