So again I'm able to do that because I've built a life around real estate and it takes time a resources to consistently get deals like that.

Late fee is $77.50 and then the rent also is 1.5% after the first five days which take 18% annual and divide it by 365 to get a daily interest rate then multiply 1550 by that. 

What you’re counting on is even a slow rate of appreciation, say equal to barely inflation, called it 2-3% being multiplied by 4 or 5X because you only put down 20-25%.

Gross rent multiplier (GRM) A method that divides the purchase price by the gross annual rents when the property is 100% occupied.

There are four key principles that guide me:- Consistency is everything- Never stop learning- Take Action- Value relationships over everything else1) Consistency is everything There are multiple things that I do every single day- Read – 10+ minutes.

So, why would you NOT factor in a car payment when determining the liklihood of an applicant paying their rent consistently on time?

And while nothing is foolproof the most consistent method of finding good vendors is relying on OTHER real estate investors that have worked with those vendors. 

You would have to be significantly cheaper than my current cleaners for me to give you a shot, because I generally have only changed cleaners for either consistent subpar work or increasing/unreasonable prices.

I don't want to have to paint an entire wall (multiplied by the number of walls that have had nails in them) every time a tenant moves out.

@Jonathan Baptiste cool story glad you learned a lot.Now, multiply all that by 300+ tenants and you'll know what the average PMC has to deal with!