I want to withhold that $400 too, but my husband won't let me.We go to settlement with the bank on Wednesday 5/17 and they want him paid ASAP, but require a "Paid in Full" letter signed before we release the check to him, and idk what to do.Thanks in advance.

Seven months is a long time to fix and flip, which doesn't help with holding costs either.

If there are any Canadian investors with holdings in the US I would be interested in finding out what entities you are using.

My experience was that their annual inspections were very harsh depending on the inspector, in some instances giving me 24 hours to fix an issue or withholding rent, changing the tenant portion of the rent annually, usually meaning more of it came from the tenant and tenant's portion usually late, tenants don't have much expendable income so do not keep the property up as well as others.  

Terrible customer service and withholding payments for service.

If you do not fix it or make serious effort to try to fix it in 14 days then tenant can withhold rent to make repairs.  

:cry: Bear in mind, they're being sued in NY for withholding the fact they were doing business w/Bernie Madoff; they carefullywithheld that from their investors.

Your profile mentions that you are a real estate agent - You want to have a conversation to see if you potentially are eligible to claim real estate professional status which would allow you to treat your rental losses as active instead of passive.Also have a conversation if you are required to make estimated tax payments since there is no withholding on your commissions.Lastly, your profile mentions you are in Florida which does not have a state income tax which opens you up to more options for choosing an accountant.

You need to make Estimated Payments to IRS if your W2 withholding is not enough to cover the amount discussed below. 

As soon as they start making threats or withholding rent- take the steps to fix the problems, if they exist, and put them out.