Personally there is nothing I enjoy more than taking over a property from poor management and letting the tenants know there's a new sheriff in town...they either tow the line or pack their bags. 

In the GFC everyone knows F&F was bailed out because it was holding the bag on so many mortgages that defaulted. 

To get by for now, provide two hanging bags for clothing left in washer or dryer at least 10 minutes after end of cycle. 

He should retract it and go back to the $150 to send a strong message that trying to take advantage of his generosity will not be rewarded.He obviously has handled the situation very poorly by making a offer in the first place but now he must take back control of the situation and make it very clear that it is $150 or nothing and they can pack their bags.

We have been investing in low fee index funds through our 401ks for many years.My wife and I were coming back from the Napa Valley on Friday.. and she points to this ladies hand bag and says  Hey that bag is 3500 dollars .. :)  I go to the out let store and buy her coach bags that look great to me for 200 to 300 dollars.

Garbage bags in their DNA?

We bought our first investment property in December 2017, the numbers were awesome but the building was old and the tenants weren't my cup of tea.

You may need more money than that to do a deal at 20 to 25% down for a better interest rate, (depending on credit score) and then to maintain it.Be careful in buying those $60K or less older homes because they come with a bag full of repairs, meaning you will need plenty of cash reserves when those repairs pop up, and sometimes when it rains it pours.All the best to you.

Put up gutters, grade the land with a cat 5 to slope down at sharper angles from the house, and put in some of the 80lb home depot concrete bags (the super strong stuff) in any problem areas.

I love listening to all 3 Bigger pockets podcasts and grabbing quarters out of laundry machines It’s my favorite day of 2 of the month this brought back memories I worked as a site acquisition broker for a large syndicator in the mid 80s.. and he would literally bring his bag of quarters to his office.. and it was a big BAG..