Unfortunately evictions will be part of your life as a land lord.

Unfortunately, I too, am wired to first think "will some insufferable person give you grief and say this is religious discrimination?"

That's unfortunate.

I'm wondering what you guys set as your minimum COC return for a small MF, and whether there are extenuating circumstances (if the place has recently been remodeled, or is in a hotter area).

Under the circumstances, as much as I liked the CFD and having done them many times, I'd say I'll have to declare them as an incapacitated strategy, They won't pass the compliance issues on two fronts, under the SAFE Act as to the financing issues and under the agreement to avoid foreclosure as provided under state laws.

@Melodee Lucido : Unfortunately no I don't Melodee.

You might not have $70k cash laying around just yet.If the numbers all check out, and it's truly a 60%-of-ARV deal, there is enough meat on this for you to come out whole under all but the most adverse of circumstances that might occur (i.e. bankruptcy, lawsuits going back and forth while property sits vacant and gets vandalized, etc.)Also, it's a great opportunity for you to learn the rehabbing business.

@Heather Alte Unfortunately that's a very typical reaction from people who have never invested in real estate and don't understand it.

Unfortunately you can't really just decide when you want to increase rents.

However, tenant agrees landlord is not responsible for tenant's financial or physical loss of food, meals, preparation or cleaning time, and landlord is not liable to replace any food or other product lost by tenant due to spoilage, lack of heating or cooling or any other reason or circumstance.