If not, how far will you have to drive every time the toilet is clogged?

For example, unless you are paying cash, any type of financing will be difficult or leave a paper trail to you.

Same tenant left her toilet overflowing for hours without telling anyone.  

If the LLC chose not to make a distribution and purchased additional properties with the profits there might be some delayed gains and the investor would have a return on paper, but as soon as a distribution is made, taxes are due.

.·        Ask for resources for RE market research§  Analyze:·        Find and Analyze 2 deals every day off of the MLS for Practice ·       Strategy #2– Provide Military focused rental homeso  Stay current on Military News and Affairs§  Read Hurlbertand Eglin Papers§  Informationon 7th SFG/ New Contract Awards/ Growing Units§  Findinformation on times of year orders drop and people are PCSing.§  Look for ForSale By Owner Listings in Base Papers§  Researchwhat most Military Families are renting ·        Price ·        Type·        Size·        Location/ Length of stay·       Strategy #3– Fundingo  Build a Presentation of an example of a flip to present to lender.o  Have all paperwork together to apply for loan.o  Meet with:§  2 –Community Banks§  2 – SmallCredit Unions§  2 – RegionalBanks §  2- HardMoney Lenders ·       Strategy #4– Marketing/ Direct Mailing Campaigno  After Strategy #1 is completed:§  OrderBusiness Cards§  Choose beststarting location and find a company to do a Direct Mailing Campaign to findmotivated sellers (pre-foreclosure)§  Add a line(flip phone) and voicemail to receive calls from§  Put a scriptin place to follow for incoming calls §  Practicescript§  Have 3 plansunderstood on how to help sellers in multiple situations. ·       Strategy #5- Save $10K as a down payment to purchase an REO/HUD/Homepath o  Go over Budget with Alicia and make a plan to save money for DownPayment:§  Find ways todecrease bills§  Build/sellrestored furniture§  Start FBpage for my furniture§  Garage Sale  Please excuse the formatting, I had to copy and paste from Word.

I just assumed they would need to be nearby for signing papers and whatnot. 

As in the title, my 1st floor tenant recently clogged his toilet, causing it to overflow, and a good amount of water got through the 1st floor, into the basement's ceiling, and subsequently, floor.I'm a newbie landlord (just started last year), and not quite sure where to start in terms of getting a quote for repairs.

I agree that on paper a financial planner could probably get much better numbers, but if they aren't actualized then where is the value?

This is something I teach in my rentals class and so far, it has worked every time with the landlords that have used it......Getting a tenant to move peacefully and without causing physical damage is hard to doTenants being evicted tend to feel victimized and when they get upset they are a risk to do physical damage to the house and leave behind mountains of trash.It will take a minimum of three weeks to legally evict a tenant and can cost in excess of $500 (Texas Law).Owners tend to reason that they will keep the security deposit to offset losses but a tenant can cause thousands of dollars in damage in minutes.Let the tenant know that you have filed to evict them and give them a copy of the eviction papers.

I just want to know if signing that paper got him into more mess.