We have a crystal clear conversation about this at the lease signing.To show I am not a grinch - part of my agreement with folks is that every 13th month I discount their rent by 10% to recognize their on-time payments.

Certainly paying them a wage or fee reduces your rental income... but then they have to recognize that income (perhaps at a lower tax rate?).

I regularly argue that Dave Ramsey provides excellent, sound, time-proven financial advice that everyone should apply to their personal finances.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

That, which you do for the "least of them" has been proven to return rewards.   

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

As a newbie, if you do get into an appreciation play, you can look a little bit more short-term down the road and recognize that you can likely refinance your property once interest rates drop and actually see some cash-flow once you reach a lower payment.  

Rehab starts in my third property in 3 days.So I am a fan of The Flip Secret. but I recognize the cost is significant, and everything you learn can be found in other places.

That is undervaluing yourself and some investors recognize that and would be turned off.

The frugal straightlaced one and the challenged chaotic one with limited ability to recognize a con, more "friends" bamboozled him then I care to count.