There are so many scenarios to play out, the bottom line is to focus on the future.

How have you built your LLC from the bottom up with no assets, track record, credit?

Bottom line will be an engineer.

So far I have are the following items:Change furnace filter (In encourage my tenants to do this but it doesn’t always get done)Inspect water heater and ensure bottom isn’t rusting out (am also considering draining a few gallons to get sediment out).Check caulk in bathroomCheck under sinks for any moistureCheck garage door/opener for smooth operationCan anyone help me to add to this list?

I'm ok with shelling out $400 for a TV.The bottom line is if you want them to stay, treat them right and make them feel they are getting a good value

If the best tenants in town are drug dealers and bums, it will still be best to set your standard to weed out the bottom feeders.

The bank could be sold off to another bank,it could be shut down by the FDIC,the file could transfer to another department or office inside the bank and they could disagree with the previous approval.I have gotten great results with newer asset managers and then the file gets transferred to another division and I have to deal with a President and go round and round to get it to go through because the buyer took to long splitting hairs over a few K or their funding is backed up.The regulations are ever changing as a VP at a bank told me and the banks position changes constantly so when an agreement is reached on a deal TIMING to close is critical before that door closes forever.

For those of you on Twitter... if you follow @GSElevator you'll get some insight as to the types of folks Smith worked with.Personally it is all about the bottom line, but within reason.

It's a link near the bottom of the page under "Community and Schools"

If you buy and sell a house, the "round trip costs" are, at best, about 10%.