Hi Everyone!So this is my first property and I am rehabbing the back unit of a double. The unit itself is about 600 square feet. I am curious which is the better option, vinyl plank flooring or laminate. From my resea...

MAIL iS PROOF OF RESiDENCY!

But making $100K more makes me fee even more like a winner.Conclusion is if you hold properties for 20 years or more, have positive cash flow throughout, you can ride out the cycles and do fantastic.

@Shane Welch - I'd be cautious about trying to build a durable portfolio on extreme leverage, especially given the maturity of this market cycle. 

Provide proof of comp rents in the area?

They can request a refund and provide proof.

Also, if it's a multi, and the blockage is in the main sewer line, you have no proof it's him. 

In NC & VA, though, we just require proof that tenant has opened utility accounts in their name before providing keys because we are not responsible for the bills if they don't pay. 

Stay in for a year, refinance and cash out, repeat the cycle.2.

I have accepted a few, but generally they have trouble giving you PROOF of verifiable, reliable income.