Maybe that's why it's even worse that the council did this...I know we've heard from many of our owners and none of them raising rents right now so rather than tackling the true issues impacting the city, they're pandering to a base and trying to create a problem they can solve (demonize one group and set them against another...sounds like a familiar playbook).  

So with that our #1 remedy action has been to present tenant with a cash-4-keys option with the "information" (NOT threat) that "if" we can not reach a mutual agreement in cash-4-keys the landlord will be left with no other option than exercising last remaining remedy of civil suite for owed monies, legal costs and damages from breach of contract, receive and file judgement, and then all the following from that such as: judgement affect on credit report, wage garnishment, inability to receive loans or other housing due to impacts of judgement on record. 

If you can cover the monthly payment for the 2nd home and not impact your current lifestyle, then I would rent the 1st home and live in the 2nd.

Jeff, make a list of all the downside factors that could impact your bottom line profit over the next year.

Good luck to you and everyone else down there in the coming days; hopefully Isaac's impact is minimum.

Mike -Unless you can give more examples of non-cash deductions (deductions that don't impact free cash flow), I still don't understand why you think your tax returns are not indicative of the amount of income you're pulling in.

Being brand new or newly rehabbed has little impact on on-going maintenance, much of which is caused by the tenants.

BK could have more negative impact that losing the house though.

We just replaced a 1250 SqFt roof with class 4 impact resistant shingles and a 50 year warranty for around $11k here in Denver.

While I'll argue that the system always did what it was designed to do -- measure those people who at any point in time were making the most impact on the site -- I'm also willing to accept that the system was never perfect by any means.With that in mind, as we continue our push to improve the site and execute 'Project Simplify' we've decided that it is time for influence to become a relic of the past.As you can see, there is no longer an influence score reflected on the forum sidebar or on your profiles.