If the property was always used as a primary residence, and the property owner decides to move out and rent the property, they owner has a three (3) window from the date he/she moves out to sell, close and qualify for the 121 Exclusion.

It can't be that much money to put in a new faucet.But then I'm a big picture person and tend to look at the overall situation: if this was a good tenant otherwise I would just chalk it up to the cost of doing business.Whether you can deduct it from deposit would depend on whether she'll leave nice or in the middle of the night.Also, if this is a long-term tenant I might just forget about it, but if she left tomorrow, I'd be more inclined to put it against her deposit.

Know what you should be working on long term to get your score up, if your going conventional financing and you have over 4 mortgaged properties you will have to have a 720 mid score.Whatever you do don't go and 'forget' a property going conforming,,they will find it,,ask me how I know (LOL).andy

The judge told the sellers forget your neighbors and get out, and pay the plaintiff couple's attorney fees and other costs while your at it.The only other time I sued was when a newer investor went behind my back to try and buy my deal at a higher price and the seller cooperated with him.

And don't forget a photo :)

@Vlad KuzinDon't forget to research your state bylaws that you are registering your entity to make it legal.

@Monica Litster - usually there will be some lender servicing company sticker or some kind of contact info on one of the doors or windows; that would be the people who winterized the property (it it was done).

Many spec markets are not yield driven.My clients tend to prefer triple net once the yield gets so low on multifamily because you set it and forget it.

Don't forget to upload a profile picture as part of completing your profile.

For analysis of a rental property I would start by ignoring the fact you'll live in one unit.And forget about "I can bump the rent..."