I listened to podcasts while delivering pizzas, read books in the break room, and then tried to meet with investors in my area after work.

They will break down every repair that is required by the bank, and will also put together a list of any other work that falls within the budget. 

Are my neighbors who are renting the houses around me breaking the law by not having their properties categorized as non-homestead? 

I definitely want to be up front with my potential tenants, but also make sure I am breaking even or earning a positive cash flow because more than likely at some point I will be making repairs or upgrades to the units and would want to have an expenses and repairs account built up by then. 

Don't just waive late fees... it frequency sets a precedent and you will see an increase in late payments and requests to cut them a break. 

I didn't want to break any rules or anything and it isn't.

Any agent who does not regularly attend inspections with their buyers is not doing their job, plain & simple.

So I sold, kept the deposit, documented it to the tenant, then counted the deposit as regular rent income for taxes.If I had sold mid-April, i would have kept the portion of the deposit to cover the rent and then gave the balance to the Buyer.

If you take your tenant for a coffee break to discuss why is he/she late on rent constantly, chances are you will be hearing 1,000 excuses, making your life even miserable. 

One of the funds I buy from does this quite regularly.