The $200 cash may motivate them to move out so you will not have to go through eviction proceedings, which will cost you more in the long run.

@Rome Xu You need to run your numbers and present some analysis to a lender.

This is probably not the best way to file for tax purposes, as you will most likely owe more to the government each year.  

Short answer, we bought at a price somewhere between actual value based on actual numbers and what it would be worth when run by a reasonable operator.  

I beleive that Texas will be a good place to be if the government does not mess it up.  

By mailing 1000's of cards / month and running the call backs through a Virtual Assistant system.  

The house has been vacant in this time and is becoming run down.

When looking for a good buyers agent make sure they can work at the speed your clients will need them to work at ... that is why I got my license because I was tired of losing deals because I was waiting to either get in a property or to get the data I needed to run my numbers.

Hey Bigger Pockets friends, my name is Ray & I’m a SoCal native running a technology 3D printing/3D printer eCommerce company, EEZITEC, based in Los Angeles, California.

Keep in mind this 8% PM part is best case scenario. 14% is likely more realistic long run with lease up fees and service calls.