I can also protect my investment if my partner takes bankruptcy, just as any lender may and, in some cases more so as loans are subject to cram downs, reduced principal or interest more than the interest of a partner might be.I've probably had about 40 borrowers die.

We all conserve energy by only using the lights in the common area when needed and turn off the a/c and heat once the last person leaves for the evening.

The second insurance company will usually at some point pay off but you are all caught up in the middle and during all this time you have paid twice the insurance amount, therefore reducing your cash flow.Also remember that you have to change the policy from a homeowner policy to a Landlord policy, which will be a higher amount. 

I highlight this for two reasons: one is that wholesaling will take time and energy today to set up (even with systems) - and even longer to be successful.

This reduced my rentals and there was more competition as newer high rise condo buildings came in.

Your money is made from April-Labor Day and hopefully monthly rentals from Snowbirds :)No on reducing Management fees.

I also have found that they currently have the house up for sale on the MLS for $188,000, reduced in price twice since Aug 2013.

Heating costs are really a killer in Maine so I'm going to focus on improving the energy efficiency by replacing the old windows and insulating the attic.

I am thinking to at least reduce the monthly lease payment to $600/m (fair market price) with no money going toward balance.

Let's use $2K/month as an example.2,000/month x 12 payments/year = 24,000/yearBi-weekly at the same rate would need to be reduced to = 24,000/year.24,000/26 payments = $923 per payment$923 x 2 = $1846 which is going to be short $154 of what is due, not to mention the payment to the bank is due on the 1st, not randomly throughout the year.