Property management really, really, really eats into your profits.

It's not worth dealing with the headaches that will eat away at your bottom dollar.

. $3,000 profit/yr. as a best case scenario means one major capex event like a sewer line, new windows, a roof, etc. could easily eat up several years worth of profits, never mind the tenant-related issues.

The interest on the hard money would eat up all his profits,And the concept is to then get enough money out of the refi to repeat.Not saying it can't be done it'll just be a longer road.Where as he could do very efficient flips with the hard money and get his own capital to work into the brrrr.

My biggest concern is that we have a great tenant who lives above him with no animals and I do not want her house to get infested with fleas.

They get a bad reputation for ostensibly wanting to wage war and to eat people alive.I personally don’t know a single attorney who actually fits this description.

Obviously my private lender was repaid in full and I had to eat the overage out of my funds. 

They would provide CNAs and other medical professionals dressing, eating, cleaning, etc and other basic living and health and medical services.I'm interested in connecting with anyone who's successfully converted SFRs or MFs into independent living community rentals.What's been your experience?

We're leaning towards eating the cost of the new comforter ($70) and the extra cleaning fees and begging for a good review at this point.

Determine if there's any merit to pursue, first.If you don't have a relationship with a title insurance company (who could easily provide this) either go to or access your county recorder's records to determine if any mortgage(s) or other encumbrances (liens) that affect title and eat up the equity you are pursuing.