Any "fee" property management firm has the duty and responsibility to protect the property and welfare of the residents....sometimes this makes the property owners mad and they get upset.Individually itemizing the repairs may have gotten them to be less than your $100 threshold in your PM agreement; however, getting them all at once may really be your problem.

You get to exempt the first $250K for a personal residence ($500K if married) and you pay no tax *at all*.

I am a California resident so clearly investing in my own state will amount to a negative cash flow situation.

A few requirements include: a) the person must pay taxes on the property for consecutive years, b) the person must use the property for an uninterrupted, continuous period of time (varies by state), c) the person must be in posession of the property openly (not hiding or secretly posessing it), d) the person must have some kind of claim for the title.Given that the proper conditions are met for the state that the property resides in, a person can actually squat on another's property and gain it through adverse posession.Hope that helps.....

We have bought and sold homes as primary residences, but we are interested in Section 8.

In contrast, I have a tiny studio guest unit in my own residence in California that is being rented for $995 a month.

He brings the world’s most beautiful and luxurious vacation property, second homes and retirement destinations world wide within reach of the everyday investor and family through education, large volume purchasing power, a strong knowledgeable team and empowers average people to invest with confidence in international real estate.

He brings the world’s most beautiful and luxurious vacation property, second homes and retirement destinations world wide within reach of the everyday investor and family through education, large volume purchasing power, a strong knowledgeable team and empowers average people to invest with confidence in international real estate.

As far as ethics....I wouldn't contact the residents directly but who's to say that you can't forward the insider info to a working partner and vice vs.

Our plan is to rent the property for many years to come.We have $65,000 equity in our primary residence (which has a 30 yr fixed for 5.875%... if it matters).What would be the best way to come up with the $12,000 for repairs?