Up until last month, I hadn't never tried blood sausage nor did I know what it was (aka black pudding), until I saw it served all over Spain.

When there is blood in the streets (figuratively), good time to buy..

Again, without an application you have not gotten to the point of even screening this person.Gail

A good, experienced local property manager can have these tenants waiting (pre-screened and all) before the 30-45 days of rehab are over.c) Take out a non-recourse loan (takes approx. 2 weeks to 2 months), get 40 to 50% of your original seed money out.d) Reinvest it (like above) via your Roth IRA into the next project (alone or with partner).

They have research tools to help you screen stocks and funds.

Some of the hosts even socialize with the renters and offer breakfast.Long-term, I think the time you spend screening, cleaning, accepting requests, have vacant days, meeting tenants for keys, etc. might not be worth it.

Be careful, some GC's can sense blood in the water and many times they don't have any motivation to control your project costs.

I am amazed that so many beginners gravitate toward flipping, This is some of the most involved enterprise in all of RE.1.Understand your marketplace correctly, which leads to2.Estimate retail price correctly3.Price the repairs correctly, which leads to4.Make the right offer5.Have GOOD contractors, which is hard for a newbie without a track record, which leads to6.Remodel correctly – know what to do and what not to do7.Structure financing correctly8.Structure the selling process correctly9.Buy, so that you have 3 exit strategiesAnd then there is more…You mess up anything on this list, and you will pay with blood, sweat, tears, money, and debt.

Just for record keeping, I ask all tenants to send me a letter, email or text if they are going to be late, a reason why and when they are going to pay.I would take a screenshot of your phone screen if you can and keep it for your records.Like all the other people said, have some leway espically if they have paid on time.

I've done a few searches on BP.com and the advice appears to be invest in QuickBooks or using online bookkeeping services.Since I've only got one property, I'm still looking to create a spreadsheet or just to look at a few screen shots of an excel spreadsheet so I can create my own.Anyone have any help?