Which can of course leak and depending on the material stored in them can be the cause of extensive environmental damage.Ive originated over 600 commercial mortgage notes and purchased about 50 others, usually 24-60 months into their life cycle.

Do your due diligence to ensure the specific terms of the offer make sense, that the buyer has proof of financing or proof of funds, and that nothing is going to prevent the closing from going through as expected.

I know that the ideal lease cycle is in the spring/summer months, and I'd like to find a quality tenant to get on a 12 month lease.

I signed because of the atmosphere, the support, and the proof that if you stay with this brokerage you will become a champion.

Credit scores show more proof of responsibility then anything else.

They provided proof of funds and sent us back the contract, signed and all.

I'm ready to dive in, but I'm nervous that I'll pass up a better opportunity - such a vicious cycle.  

It may be a couple of years or the full cycle before return of capital.

Hi Kim,They make pet proof carpet padding, and rental carpet typically only has a 5 year life span.Your CAPEX for the carpet should recover some of the cost of replacement if cleaning (and ozone treatment) don't fix it.Given the unlikelihood (in many cases) of actually collecting damages in excess of the damage deposit, renting anyplace to anyone (pets or not) without pet proof padding under the carpet is just asking to lose money.And the Carpet CAPEX should be built into your rent.Pet damage can be expensive and not always recoverable from the tenant, so it's best to assume pets will be in the rental even if the lease says no pets, and install pet proof padding.Some cats (unfixed) spray walls, sometimes just the litter box makes the smell and when that's gone, the smell is gone, but with dogs they all tend to have "Accidents" on the floor.

I see Phoenix as very boom/bust market, it seems that people come and go quite quickly depending on the economic cycle.