Another option is a revised Tenant-in-Common agreement, outlining property management, expense sharing, and a potential buy-out provision in the future under specific conditions.

The best is when they move in and immediately begin making maintenance demands for things they broke themselves, or because some man they lied about not being on the lease is living there and broke it, or one of their endless supply of children broke it  and it's like you still owe like a grand from your deposit maybe don't take such a tone when you fuss over maintenance issues you created in the first place - but God forbid you withhold whatever pithy deposit they did manage to cough up for damages because they go full throttle Jerry Springer guest in 2.2 seconds. 

One common distressed seller I've been finding are landlord-managed multifamily properties that have a commercial side and residential side in C/C- areas.At first glance, they have good cash flow... but they come with a tangled mess of existing tenants who pay way less than market value and usually have a longer term lease on the commercial side, meaning you'll have to sink in a lot of time and energy to maximize their profit.It seems like it could be a good niche to go after if you know how to maximize the cash flow OR it could just be a massive headache and money sink if approached the wrong way. 

@Seth Vendelboe what's your management arrangement?

Prioritizing the stability of your foster family's housing while also managing your own financial situation is key.

Hi Dan, that is exciting to hear, and best of luck in your self-management efforts.The main thing to know is that when you re-list as a new listing you'll have about 14 days where AirBnB's algorithm will boost your listing artificially to give it a chance.

I just know that Tokyo at 8 pm on a week night is not something I can consistently manage but I am so excited that this is happening!

They have said on Podcasts that having everything in black and white makes fewer issues overall.Question: We are using RentRedi for our management platform that we set up to add 25.00 in late fees for every day after the three-day grace period.

Run a Worse Case Scenario.( Get some solid numbers from a property manager).Multiply monthly expenses by the number of months that it takes to get an eviction. 

I am looking for a property manager in Alabama.