Why not just follow Tom McElroy’s tax advice from rich dad books & ignore all middle class savings tools including IRA’s, 401ks etc.

I will be following this thread.

You just keep the leases in a safe place and follow them .

During this whole ordeal, I got the impression that this agent had an entitlement mentality and of course pushed this on to her buyers.

Always consult with your attorney before you rely on the above information.Chris,  thank you so much for the follow up.

On the lease it states as follows: "Lessee is expected to maintain and care for the property, which includes, but is not limited to the following: Pest control including but not limited to mice, ants, small rodents, etc."

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That being said, a lot of the traditional rules like 2% and 50% don't really apply for me.My property doesn't come close to the 2% rule, or 1%.It's important to keep in mind the following -- The expenses on my property aren't really much more than a multifamily that is worth 10% of my property's value.

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@Liwen Gu most homeowners associations can legally assign HUGE fines, like $100 PER DAY, when covenants are not followed.