Lenders and buyers will require good accounting, but equally important you want to be able to point out later to prospective lenders your economic metrics e.g., grew NOI by X, ROI was y, Refurbished/demised space and increased gross rents by n.

(The second building was originally a post and beam dairy barn that was later converted into a small feed store.)Since I was couch surfing at the time I decided to convert part of the barn into a one bedroom apartment.

The owner calls the day before closing wanting out. 2 days later I see the property listed on the MLS.

Im going to send another msg later, I'm @ work. 

I'll PM you later.

Or is the unit not ready to rent right now and will be later at about the same time when they are ready to move?

I'm going to one of their events later this week.http://www.meetup.com/Gurnee-Cashflow-for-Real-Est...

Seems to me that the "drought panic" will peek this summer and the rain will come later this year. 

After her passing, there was no way my step-father could pay his 2 mortgages plus other bills.I ended up moving in with my step-father to help him with his bills and give me a place to stay while I did some major renovations to my home (gutting kitchen and both baths).Well a few months later he passes away.

Right now my biggest challenge is getting my first flat, rent to let into positive cashflow - as it was my first investment back in 2012, my later properties are doing well, but I didn't know the 50/50 rule and so have had very little success with my first flat.