(single parent with kids, or 3 college kids or young workers)If you are okay renting to college kids you don't need to have them personally make the 3x income, you can require them to have a co-signer (parents) and then they all are on the hook to pay.Students have issues, but overall if mom and dad will help them out you should get paid without much worry.

(D) Coordination with recognition of gain attributable to depreciationFor purposes of this paragraph—(i) subparagraph (A) shall be applied after the application of subsection (d)(6), and(ii) subparagraph (B) shall be applied without regard to any gain to which subsection (d)(6) applies.

Does your town have an ordinance about home based businesses like that?

Hi,

I'm new to BP and have just purchased my 1st investment property. It's a 2 story, single family home in Mt. Juliet, TN - about 15 miles east of Nashville, TN. I would like to get a couple of recommendat...

I would suggest for you to check your local ordinance, whether a utility is allowed to place a lien on a property.The reason I'm bringing this up is that in Atlanta the water company always holds the homeowner responsible for water bills that are unpaid by a tenant.

This was brought to my attention by my property manager when she did the walk through with my last tenant before they vacated.My prop manager informed me that the POA had covered these repairs in the past and that she would coordinate the repair for me prior to my new tenant moving in.

Co-workers, friends, family, bigger pockets...If it's a profitable scenario, investors will be interested.Joe

you've gotten good advice on the wiring.You mention that it's legally a 2-unit house and that there's a 3rd unit and you might use it in the future.Check your local ordinance on 'grand fathering'.

. $600 for a CO for a 3 unit residential property) aint cheap.

"A reserve study is a study made of all the major capital systems in the association," explains Robert Galvin, a partner at Davis, Malm & D'Agostine PC in Boston who specializes in representing condos and co-ops.