That does not make it (his opinion) right or factual and is also delivered in a controversial way so as to gain (or maintain) audience share.

I got quotes, and they would have cost about $6K installed, and would have raised the sale price from $80K to $86K to maintain my profit.

I could.The big issue here is that the OP was asking about passive income, and with Lonnie Deals, a typical note is going to be paid off within a couple years, so while you may have decent passive cashflow after two years, if you don't keep doing deals, that cashflow will go away a year or two later.So, to maintain cashflow from Lonnie deals, you'll need to keep doing them, which means the income isn't truly passive.But, given that limitation, I certainly agree that you can do enough Lonnie deals (in some areas) where you can likely replace your full-time income pretty easily.

Jon... if a landlord is going to maintain control over their business... your actions are the only way to go.Pete

A contract was in place and they have not maintained the machines and the revenue has dropped to nearly nothing.

As a concerned individual I would illustrate the cost of holding, and maintaining the property if it is not occupied.The costs include taxes, insurance, maintenance such as the lawn, fixing any leaks, utilities since you don't want the pipes bursting when it freezes and don't want mold growing all over the place.

These things happen VERY infrequently - if you keep your property properly maintained.

LLC's in and of themselves are not enough protection unless you know how to set it up and then properly maintain it once set up.

def a vote up for ali. i like where his head is at...workerdrone is correct on some points, however, is far, far too conservative in the 7-10% usage suggestion. 30% is a better target. too much usage shows that you may be overextended and living on credit...too little shows that you may not be able to handle it.i will say that once you get your scores up, its very easy to maintain. i rarely if ever use my cards now (maybe once every 6 months as some of them will close from non-activity) and my low score (just looked) is 770.to answer adrian. a secured card will not be any better than an unsecured. many secured cards now show on credit reports as a normal (unsecured) card. i suggest that whatever you do, make sure that the card will show up on all 3 bureaus. that is very important.

You have an HOA becuase someone has to maintain that sewer plant.