Hey Ken,I was like you - thinking May 1st would be worse for tenants - but we've stayed in communication with them over the past few weeks and as of this morning, we have collected over 80% of rent. 

This home consisted of all of those opportunity elements.

I am sharpening my axe and at the same time consistently looking and analyzing deals every chance I get.

The tenant is an artist's collaborative studio, incredible contributors to the City and arts community, but consistently late with the rent and in arrears.

Ask them to describe their process for finding tenants, dealing with late payers, evictions, communicating with you.

I usually always keep active communications with my tenant, but this is a troubled one.

That is an extremely low value, and it was consistent across all 3 comps (the range was $38 - $41). 

I’ve been lucky some may say since I brought my triplex with good tenants who’ve been there for years before I even thought of buying the property so they were able to tell me about all the minor issues with the house and they’ve been good behaving, consistently on-time, full-rent paying tenants since I’ve owned the house.

I would only see at the very end of the signing if the signer consistently signed incorrectly (such as signing with black ink ,or not including their middle initial in their signature (if legible) when it is included on the documents, or not signing as trustee if the property is in a trust and this is required by the lender).5.

Show them you are serious about not only investing in yourself, but in their local community.The BRRRR method is not a passive venture, but you will learn A LOT about the necessary systems, communication, and tools needed for every part of a BRRRR.Before & After Pictures: