If they do clean the house and get rid of the animals-- great, raise the rent and keep them, I'd probably do quarterly inspections of course. 

If you do the checks every year do quarterly checks. 

There were a total of 30,656 U.S. properties with foreclosure filings in Q2 2020, down 80 percent from the previous quarter as well as a year ago to lowest quarterly total since 2006 (pre-recession average of 278,912 per quarter), making Q2 2020 the 15th consecutive quarter with foreclosure activity below pre-recession averages.Weekly Jobless Claims.

The next day is not soon enough to handle problems in close quarters like condos.

@Joshua ScottIf you are looking to learn quickbooks, I would suggest taking a course on bookkeeping/quickbooks.They are normally taught in colleges as a continuing education class and you are not required to pursue a undergrad/graduate degree to attend the class.I think the class will be a couple hundred dollars but will be worth if you want to learn quickbooks/bookkeeping.Regarding your question, the note is an asset on the balance sheet.Everytime you receive a payment, the payment is partial income partial paydown of the note.It also may help to have your CPA review the books every quarter for the first year or two just to make sure its being done accurately.

Take a look at the numbers below and let me know if you like the deal.Property #1: Purchase price of $17,500, newly touched up, renter is moving in now and just signed a 12 month lease at $550 per month, tenant pays all utilities except for trash ($60 per quarter), city just completed and approved an Inspection Report.Property #2: Purchase price of $17,500, needs to be refreshed (estimating ~$5,000), renter has been in for over 6 years, current lease at $650 per month, tenant pays all utilities except for trash ($60 per quarter)

Will connect with all of yall during the first quarter of the new year.

The 3 units are in a quarter mile of each other.

Wal Mart, car makers, etc are more and more focused on China (and rightfully so) because they are a quarter of the globes population.

@Mike Hurney has 2 meetings on the North Shore, @Justin Silverio has been doing a quarterly unofficial BP meetup in Woburn (Next one I believe is March), there is the Boston AREIA in Medford, as well as a several south of Boston and some in NH too.