There are lots of other things that need to happens before checks are cut.

Since purchasing the house, we have put a little over $2,300 into repairs -- things like plumbing issues, new refrigerator, cutting down tree limbs, ect.

So are offer was verbally accepted and we should have the paperwork today to move forward on a 2 unit 2br /1bath duplex. 232kUnit 1 has tenants paying $1100/m they cut the grass, shovel snow and have been there 11years.

Also, if economic conditions take a downturn will I have to cut rent.

@Lamont Marable - cut my teeth in Baltimore over 15 years ago after getting started in Capitol Heights.

Joining the military is a career choice not a short cut to real estate investing.

Only recently have I cut back so I can funnel extra cash to purchase buy and hold real estate.

I do have a clause in my lease that allows me to terminate the lease if the property becomes inhabitable, so I plan on doing that, but am unsure the timing involved in cutting ties with the tenant.

I guess you could cut everyone’s hours 1% if it doesn’t pick up?

Cut your spending and get your life together.