If you play a baseball game and count the guys left on bases after the 3rd out as runs, and the other team doesn't count those runners, is that a fair way to keep score?

Count 75% (non-FHA) of gross rents in "Income" for both ratios2.

He might want to count his labor as well as materials as expenses - is that something you find agreeable?

Maybe that's just me.This is how I do it. 80 out of state properties and counting.

Makes no difference what state the entity is formed in, if it is doing business in another state and a party from that other state intends to sue, count on them using that states jurisdiction.

They will make a good return and you are making an infinite return (unless you count time as money).

The deepest pocket in the room always gets sued; on this, you can count.

I can see you will not be a one-hitter quitter as you already have 15 posts and counting so I will skip the text about the importance of sticking around and engaging.

If the answer is no they can go elsewhere.Back when buyers could fog a mirror mortgage companies referred to bad buyers as "cash for trash".Meaning for a certain rate and fees they would loan to them.I would figure in eviction costs,lost holding times with no rent,and retenanting fees with new carpet and paint to come up with a figure for a deposit.Upon default the deposit becomes non-refundable and shall not apply or count to unmade rent payments.If they have no money either then kick them to the curb.If you can't get action for your rental then it is not nice enough for the area for the rent you are trying to charge or your rent is too high.It would be better to reduce your rent 50 a month and have more calls to choose a better tenant.For example for 600 less rent a year you keep a tenant instead of having a tenant at a higher rent and then you spend way more than 600 evicting and retenanting.

The finishing touches are what count, and I certainly wont run out of money.