Nobody seems to notice that two of the three tenants were arrested and are sitting in jail or that the third tenant was living with those types of people.

The storage unit next to the garage will also get a face lift and be turned into a workshop/studio to provide a third source of income from the property.

The storage unit next to the garage will also get a face lift and be turned into a workshop/studio to provide a third source of income from the property.

The headaches and maintenance expenses are not worth the additional income, so for our third property, we targeted one we could substantially remodel to a nice quality or one that was still in great condition.

I give the tenant a 3 day grace period and it’s now the second day after the third day the rent will be late and I will have to start charging a late fee.

You don't state the "issues", but with the economy tightening there are all kinds of people in trouble financially looking to move in with friends - not necessarily a bad thing, but all parties should go into the situation with their eyes open.

If the tenant made an agreement to pay xyz corporation and you tell him to pay parties x, y and z in separate checks I am not sure how that would hold up as an eviction when he only pay x.Set the rent up so he pays one entity and you all are paid from that account.

perhaps the party with the child was not qualifiable.Maybe the new listing specified a BR + an office.Could there be rules that an owner occupied triplex does can be more selective than larger multi families

Our third property is in FL which we use for short term rentals.

I couldn't imagine why a residential or a commercial lease would not work, as long as all of the requirements for both parties are satisfied.The residential lease may be simpler, but it may not cover everything you need.