This year we had a 10 year tenant and an 11 year tenant leave only because we sold the properties.

You need to do an inspection before they leave and after they leave to determine if you can charge them for damages.Problem #2: Who is responsible for rent if 2 move out.Problem #3: Who is responsible for damages if 2 move out?

If they leave on a day that does not coincide with pick up, the cleaners will take the trash.

If we estimate that 25% of that is land (which isn’t depreciable), that leaves roughly $311,250 eligible for depreciation.

Quote from @Chad Labrecque: My name is Chad and I'm looking to grow my real-estate portfolio to be able to leave my 9-5 and build something for my kids.   

The great thing about FHA is it only requires 3.5% down and that leaves extra cash to renovate the home!

Please leave any comments, ideas, advice, stories, etc below!

You can also go into groups on facebook, and people often leave email addresses on posts.

@Michael Santeusanio We underwrite 75% and what we are comfortable leaving in the deal + ROI/ROE target, but have done 78-80% over the last year on refi's

I can definitely see renters just leaving trash everywhere rather than taking it to the dump on their own.