At some point, the damage the tenant does and drags feet on repairing will out-cost the deposit and at some point start eating into your profit on the rental.  

We could afford a property manager, but, after capex, management costs would eat any profit.

Hello, I am new to BP just discovered the podcasts and am eating them up as fast as possible. 

Ideally I would like to have my cake and eat it as well, by that I mean I want to have the best coverage at the lowest price.

May people use hard money lenders, but the amount you end up paying might eat up any equity in the property.

I find that for lower cost rentals as these (<$700), property management costs quickly eat into your CoC returns pretty quickly.

Lawyer fees would eat you up, especially in a non payment event.Whether your tenants have something to lose in the community and their likelihood of sticking around I think would be primary factors in evaluating their likelihood of repayment.

Sounds like everyone is singing the same song, LOL.Tell them Eat My Shorts.

Carpet and paint in one unit would eat a big piece of that.

Hey all,I’ve been looking into purchasing a few properties in Indianapolis, however I haven’t had much luck lately finding cash flowing deals. I’ve heard that in Indianapolis, property tax is 1% for owner occupied an...