When applied properly, Modified Accelerated Cost Recovery System (MACRS) depreciation helps property owners keep thousands upon thousands of tax dollars in their own pockets.

if that's in his lease you should be able to reschedule the inspection with the proper notice. 

Many small owners may quickly react to these pressures by raising rents, but a more deliberate approach is recommended, as oftentimes, even modest rent increases result in higher collection challenges.Here are three steps apartment owners should consider amid a fluctuating market cycle.1.

Good morning everyone. I have a question regarding buying a property that is currently in foreclosure or better yet a property that is in the pre-foreclosure status. I have been told in the past that if you find a pro...

Some would shy away from friends and family, but I think if done correctly with proper legal documentation and clear expectations, it could be a win-win.If that is not a route you want to take, you could always try creating an ad on Facebook or Craigslist looking for private money.  

When they, that is the seller accepts your "trial offer" do your home work, call the pros in that area to give you an opinion of value.If there is equity potential, great, if not, make a lower offer, if they don't accept it - move on.If you think there is about $10,000 or more potential profit -  now you need to work to realaize that cash - get it assigned as fast as possible.First you need to have a proper contract that gives you the right of possession, right to assign and to market by private treaty or public auction.

Thank you Sam and Greg, that's useful.No worries David, I want to know where the market is, but I never said that will stop me from analyzing my deals properly. 

Some rentals are much more passive, because the tenants were properly screened, and they won't give you any headaches.

I don't have all the answers you need, but I would say to make sure the title work is properly done, either BY a title co. or following direct steps laid out by a reputable title co.... even some lawyers screw this up.I've had to shop a property closing around to 10 different title companies before I was lucky enough to find one to close it for me...all this because the family members used a lawyer to transfer title between each other. 

Then add paint inside and out, new kitchen, updated bathrooms, new carpets in bedrooms, new light fixtures, updated sockets and you´re probably looking at a budget of $8000-$9000 in cosmetic updates, $6000-$7000 for a properly permitted roof and $3000 for a new HVAC system.