Contractor should be licensed (especially for framing, electrical, plumbing, hvac, roof), you should ALWAYS have a contract and bid in writing which details the scope of work, costs, timeline, payment schedule, insurance requirements, disclosures, etc.Why would you return his tools if you have paid him more than the work he has performed?

The rest are owned by parents of college students who sell them every 4 years.

MOVE OUT DATE: _______________         INITIALS: ____________If I do not receive a response at all, we will expect you to vacate no later than midnight on your currently scheduled termination date of [DATE].Your Landlord

I am the owner of a small business (LLC- soon to incorporate S-Corp, possibly) and our eldest is heading to college.

Should I include these (like a payment schedule) on the notice?

. $22,000 yearly rent, $1,000 my commission, $1,000 for one repair paid to one contractor, $20,000 paid to owner.On the Schedule C, line 1 should have $22,000.

Have you considered the house hacking strategy when you enter college?

Looking to get my feet wet in my first property, looking primarily for Multi-Family or single families near NJ college campuses to rent to students.

Purchase price: $5,350,000 Cash invested: $800,000 This was a college campus.

You may also want to consider how far out you would be extending the amortization schedule again (ie. if you pick up a few hundred in extra cash flow, but the loan is extended another 5yrs, then it may not be super beneficial). lastly, you may also want to chat with your CPA...