I have only been renting my house out since the beginning of the month.We do have kids and our goals are to eventually have 15-20 rent houses to provide passive income for our future.We both have full time jobs that we dont plan on leaving any time soon that provide steady income.

Water supply hose leak / rupture, drain hose leak / disconnect from drain pipes, water pump failures, etc.The paint build-up - that will need EPA RRP "contractor" almost definitely considering the age.I have a 150+ year old rental house.

It has the potential of bringing in 4k/mth based on on the past numbers which were supplied to me below:1.

There is a massive imbalance between the supply and demand of housing in North Dakota because of the oil boom.

So, Letts is either a personal friend of yours, or he has supplied you with personal favors to write your comments here.

I have had to supply W-9's to Govt agencies who are paying me rent but if your not being paid by SSD they shouldn't need anything from you. 

That's right around the supply house price here for a low end 2 ton system and that's without a line set, electrical, installation, and any other materials.    

I would like you to give me some advice if you can, I have one of the tenants that is asking for gas supply in one of my houses and the connection charges are over $500, am I obliged to pay for this or shall the tenant pay since it was not there when they rented this house ?

You also have to watch the expenses, pretty easy for them to buy tools and supplies for other jobs on your dime if you aren't paying attention.

WilliamProperty 14 bed 2 bathRent: $1,000.00 Cash flow: $779.67 Taxes: $683.00Insurance: $961.002013 Maintenance: $40.00 Annual Property Management Fees: $960.00Rental Date: March 4th 2013Property 23 bed 1 bathRent: $1,000.00 Cash flow: $750.58Taxes: $1370.00Insurance: $663.002013 Maintenance: $00.00 Annual Property Management Fees: $960.00Rental Date: Estimated Rent/ House is 2 weeks from rehab being completedProperty 34 bed 2 bathRent: $1,300.00 Cash flow: $1032.42 Taxes: $1020.00Insurance: $622.002013 Maintenance: 321.00 Annual Property Management Fees: $1248.00Rental Date: August 2013Property 43 bed 2 bathRent: $1,200.00 Cash flow: $867.08 Taxes: $2005.00Insurance: $814.002013 Maintenance: $24.00 Annual Property Management Fees: $1152.00Rental Date: March 1st 2013A few other attributes about the business and town I can think of are below: The business also owns a 12 foot utility trailer and a 20 by 15 office space the business rents for $210 a month (all bills paid) with desks, laptops, and office supplies.