My advice is to have the tenants put all utilities in their name and produce the account numbers BEFORE you give them the keys.

In economics 101, the more you produce of an item, the average cost goes down.

We then refinanced the property and it has given us $140k in cash back and continually produces $1,800/month in cash flow.

Please be safe and stay healthy for now! 

Keep in mind that in addition to not producing any notable revenue for the company, you come with a certain amount of risk or liability that they assume responsibility for.

The low initial investment, quick cash, and eye opening profit margins allowed me to invest in, and now own, a nice portfolio of income producing real estate.

However, this is not always the case so buying solely for appreciation makes one more of a gambler.My suggestion to you is to buy investment properties based on Cash Flow as opposed to appreciation, this means that if for any reason your property did not appreciate like you thought (or at all) it would still be bringing in a healthy income.

You want to make sure you have a healthy and thriving business on your hands! 

We handled the case as professionally and as empathetically as possible, but at some point, we felt that you should also assume part of the responsibility - after all, we do not have unlimited resources either.Even so, we still offered a very healthy compensation, which we really hoped you would accept.

Are there a lot of jobs in the area and is the economy healthy?