I nicely state, there's late fees associated with you late rent payment and I'll be sending you an invoice for this.So I send the Late Rent Invoice, basically $50 late fee on top of the $1450 rent due (making it a $1500 total). 

I don't know all the facts here so I'll refrain from actually giving advice but you will want to have something documented and look into maybe an assumption agreement, so long as it is not precluded in your original loan documentation. 

Then we can sell it, split the profits (which should be anywhere from $300-$500K depending on how bad this place really is) and I'll take my share of the money and put it down on income producing property that will cover my rent on a new place.

I got my QB Pro Version 2011 for years now, but will have to upgrade soon as 2011 version doesn't work in Windows 10, and I'll be upgrading my computer.

I have been concentrating on buy-and-hold rental properties in more rural areas of North Florida and, to a lesser extent, the Ft Lauderdale area and I've seen the same thing:  Prices have risen more quickly than rents to an extent that it is difficult to find properties with the right fundamentals.  

I'll lend you your money back at 1.9%

There's more to be said, which I'll leave to others for now.

I do almost all of my maintenance and what I don't do I have long-term business partners handle according to my specifications -- lasting fixes when necessary, high-quality paint that can be touched up repeatedly, Whirlpool appliances, hardwood and tile I do myself.I am on the electrical board and the outlets, I am on the roof, I am inspecting the windows, I am on the gutters all the time, I am liberal with the weedkiller concentrate, saving myself money in the long run wherever I can.What happens when you're extended from here to eternity with 75 SFR and three furnaces die in the first heavy cold snap?

I’ll be reaching out shortly!

Once you open up the potential market to the entire country, it's a whoooooole lot to consider as you compare markets against each other.Should you decide to look into Northern California (Sacramento / Stockton) or the Phoenix Metro area let me know and I'll try to get you pointed in the right direction.