There is no-one more desperate than a landlord that can't sleep or eat because they're being stressed out by such a tenant.

Almost $165 billion of mortgages for skyscrapers, shopping malls and hotels are due this year.While financial-market conditions “have improved considerably in recent months,†the markets for ABS and CMBS “are still impaired and seem likely to remain so for some time,†the Fed and Treasury said.The central bank said it doesn’t intend to make other types of collateral eligible for the program, indicating officials rejected adding residential mortgage-backed securities after considering such a move for several months.

. :) Working F/T and taking care of 3 houses and a duplex keeps a person busy.

My day to day is stressful so working on these places myself is almost an escape for me.I guess when I hit more units then I'll farm out the work.

Plus, the way most people use project managers, the IRS would classify them as employees anyway, so save yourself the stress and penalties and just do it now.

Keep "EVERYTHING" separate, have your annual LLC meetings, and keep up with what is required each year and it will be very hard t pierce the veil.

Knowing about the late pay guy up front would have saved me some stress, but still not a big deal.You also want to check that lease for the security deposit amount- this money should be transferred to you at closing.

Originally posted by Taylor Shapiro: [I]t smells like old cat urine.

I also don/t like your sink placement.

@David T.