Ryan David gave a good way to balance the fun along with work necessities.

There are pets in the complex but owners are required to pick up and dispose of waste properly.

When you go to close the attorney will make sure the money is assigned properly.

The company is a world leader in the industrial batteries business. also, they have been buying up competition while maintining a strong balance sheet i.e. low debt.

The balance is around 1.9 million. and the loan is assumable To my understanding a TRUE subject two does not require ME to put any money down, but actually he could pay me or simply walk away from the loan correct.

Also, do you have properly recorded documents for the loan?

When I say manage the investment in an IRA, I am referring to collecting the rent and sending it into the IRA, taking repair calls from the tenant and making the calls to the proper repair people and paying them from the IRA account.

There is a sticky thread about it.For lower priced houses, I also use the 2% Rule, which just says that the gross monthly rent needs to be about 2% (or more) of the acquisition cost (purchase price + rehab) if they are going to cash flow properly.

I would recommend that you run all of your required expenses through a cash back credit card but only if you pay the balance in full every month.

If it doesn't belong here, please put it in the proper place."