Hello everyone, I will be filing for eviction on one  my tenant for excessive noise and harassing my other good tenant.

Flat out, you're not in a position to be a landlord.

New home so little to no maintenance costs in first 2-3 yrsEven if rents & property prices remain flat (low probability), the increase in equity itself makes this a viable investment.

Targeting 2 or 3 flats using the BRRRR strategy, and small single families for a flip.

You may feel like it is excessive to read over every page of the contract you will receive, but the way I think about it is like this: This is the biggest purchase I have ever made in my life.

Now you can structure all of this into the rent - either as a flat rate, or as a percentage each month. 

@Trevor Dominique Another thing to consider is that you could do a 12% flat interest rate (seems to be standard for HMLs) That way if you are paying 7% annualized on the money in theory you could do two deals with that money over a year spread.

Some costs I certainly overlooked on my first flip: Reatlor commissions (3% if you flat fee list yourself) is 7,800.

Even without that value add, your taxes will not stay flat for 5 years.

Perhaps they charged a convenience fee in excess of what is allowed under the merchant services agreement.