At that point you can make the rules for the TB.

Then you can easily get confused with the rules that often seem contradictory.If your goal is to get a general overview, the BiggerPockets bookstore sells two books on REI taxes that are an easy read, unlike the Vernon Hoven book recommended by someone earlier.

I'm earning about 18% CoC on my newest unit. that's without any financing and not counting ~30k in created equity.

Obviously, that can be a disaster.Also, there are lots of rules about how to operate an LLC so that it actually protects you from personal liability.  

Is there a good template for creating "Pay Rent or Quit" notices?  

Facing that fact has created urgency.

I remember the EBSI rule by Robert T.

Also I am not ruling out new construction and/or commercial or multi family.

@Harv Yergin IV  I am from Delaware, but I have yet to find a lot of single family / multi-family deals this way, most barely meet the 1% rule,  if that.  

Hi Jonathan,At a quick glance the expenses look a bit light (currently shows about 38%, where a quick rule of thumb is 50%).