If they are your friends (or not), don't cut them any slack with regard to late rent payments.

You'd need a disbursement agreement with the seller not to withdraw funds unless there is a default, in such event it could cut you out of your signture authority.

If your shopping around and getting into a bidding war your going to cut your own throat...

The best thing to do is cut those losses asap and figure out a way to get the money flowing again.

I like my business model more cut and dry but I wanted to know what the frick was going on.Thanks,Matt

I had an issue of loitering and people using my property to short cut to another property.

@Phil Blair I hate to be the bearer of bad news but "customary" doesn't cut it.

Its already a cut throat market here in Texas with so many illegal contractors and yet they have the gull to ask for money for materials!

As my profile mentions, I'm an aspiring buy and hold investors; I'd like to cut my teeth in singles or small multis and eventually grow into the larger apartment complexes and potentially storage facilities.

They had an office next to mine in Oakland and I remember looking through there window and the big table had the kids cutting the NOD's out of the Trib. and pasting them on sheets of paper OH the good ole days right