One of my rules, for instance, is never to let a tenant get away with a lie that can be proven to be a lie.

I'm not saying let them get away with stuff, but make sure it's legit and don't just keep the deposit without good reason.

But in practice, $500 if you can get away with it, $1000 is also common these days.For how soon to close, I think a "fast" closing would be 30 days out and wouldn't make it less that if you haven't already started the title work.A lot of these "motivated seller" properties have title issues so you want to allow enough time for a good title search to uncover anything like that.6.)

It’s hard to get away with the little ones.

We can do a full rehab for $62k.Can you get away with doing less of a rehab since it’s a rental?

You can get away with it in most states but why be that kind of business?

I haven’t been to Tampa in a while so maybe it’s different but when I was previously there with the military they only told us one area to avoid....ybor city....Also with the building being 15 years old you’re most likely coming up on some big ticket fixes

But if you are in a big city with some incredible appreciation numbers....where it feels like people sometimes are playing with monopoly money...houses have appreciated by incredible amounts -- so much so that the CapEx piece of the equation is almost a rounding error.

Less money spent on supplies, less wear and tear on your place, less money spent on utilities, fewer guest headaches, etc.Bottom line: there’s a LOT of puzzle pieces you have to get right to make this work really well, but once you master it, it can be very rewardingI preferred to invest in the year-round high revenue parts of the US where you can earn a lot of money year-round.

Ultimately being an agent was not for me due to one simple fact - I still had a boss (the seller and/or buyer).With that being said I enjoy having my license so I would not change that, I strongly believe that you must obtain it to be a well rounded real estate professional.