Zillow can help you screen tenants for free ensure prospective tenants have;(A) Decent credit (Don't expect an 800-credit score from someone renting a room)(B) 3x or more in income than the monthly rent cost.

Are we allowed to ask how much Royal Legal costs on this forum?

.- Neighborhood ~ C- but a C- area here doesn't mean too much, smallish town ~ only about 50k peoplePurchase Price: $660,000Appraised Value at Purchase: $730,000Interest Rate: 6.625% - 30 year fixedDown Payment: 10% / $66,000Cost to Make Rent Ready: $14,000P&I - $3803 T&I - $898Total PITI - $4701/moCapEx, Vacancy, Maintenance - $1099/moTotal Monthly Costs - $5800/moCurrent Rents - $3800 (3 units)Fair Rents ~ $5000 but will likely only charge ~ $4500 to start.

If you had a default interest clause in your promissory note and didn't enforce that and they still made monthly installment payments, for which you accepted each time, then you are in a sticky situation to require additional extension costs. 

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

Hello All,I just thought I would introduce myself, my name is Cyndi and I hope to learn a thing or 2, about real estate investing in a very high cost area. 

This is something I'm considering getting into - and would like insight on:- Cost (what to expect for price per sqft)- Book / Podcast / YouTube Channel recommendations Trying to learn as much as I can - looking forward to getting connected!

The billing statement was for around $3,000.00 but that is always the best outcome because the variance process is timely and will ultimately cost more than $3,000 when including legal fees, new use permit applications etc.

She has stated that she will not file an insurance claim and instead expects my company to be responsible for the cost of repairs.

I would recommend getting some trustworthy eyeballs on the property to verify that the issues coming up are valid and the costs are in line.