I have one rental with a pool, I don't like the pool company I had used, and the pump was out, so I bought a pump online and called a plumber I use for small jobs,,,he doesn't speak english and I don't speak spanish.I showed him what we needed to do to plumb the pump,,he started and I left,,when I got back later I noticed he had run the pipe differently than it was before, but everything worked fine.A day or two later I was over trying to get the pool in better shape (since the pump was out a few days it had greened up),,when I went to clean the basket on the intake side of the pump, I realized the way he ran the plumbing, there was no way to get it out,,,he ran a line over the top,,you can open it, but no room to pull the basket out,,,so I just cleaned out the basket by hand and told the tenants that was how it was done,,,they didn't know the difference

They won't have the same appreciation as single families but it is far easier to generate positive cash flow while still paying a mortgage.

It's easier to set up an LLC than an S Corp2.

This I do know: it will be much easier for me to unload my nice newer property than your ever-older property in an area that has doubtfully gotten any better.I agree with Mitch: "And besides, I'm in this game for the upside, not the monthly rental scratch.

Some title agents will assist you with cleaning these issues up and some will ask you to do it.

I just added a shortlink for BiggerPockets over on G+ . . . should make it easier to remember, for those of you who are regulars: gplus.to/biggerpocketsIf you're not already on G+, I strongly recommend it.

If it's soon, wouldn't it be easier to just wait until it expires and not renew?

I wanted to add the cost I said for your kitchen is based on having to do primer and and 2 coats to cover the blue.With my units I am going over white that is worn down so I don't need as much paint to cover a larger area.Some nicer quality paints are mentioned in some other posts which I can see using in a flip or a really upscale high end rental area where the tenant demographic is different.For rentals I use paint that is cost effective and will pop and carpet that is made for wear and tear for the type of tenants I have.All they usually care about is it's "fresh and clean".

The more you study your market, the easier it is to find the good deals.

I believe it will be easier to find motivated sellers on mid sized buildings that are too small for on site management.