The water bill has dropped from $1100 every two months to $550'ish.The current numbers are:Unit 1: Owners UnitUnit 2: $1900/moUnit 3: $1775/moUnit 4: $1925/moLaundry room income = $200 (approx/mo)Income = $5800Mortgage = $6272 (including taxes)Owners portion = ($472), this is as pretty close to living for free in San Diego as I think anyone could hope for.There is a approximately $100 more that we have to cover in the gas & electric bill for the water heater and exterior lighting. 

My opinion is Uber is valid employment! 

I would not have been doing my job if I did not charge the tenants for clogging the commode.I had one tenant file a complaint because we did not approve his application even though he was currently going through an eviction.Just had one applicant the other day place a bad review on yelp saying how she has this great rental history, when she is not on the lease agreement and the property management company will not give us any rental history on her because she is an unauthorized occupant.It is probably wise look at the BBB and Google reviews but you have to take it with a grain of salt because, it is usually owners or tenants that are unhappy that take the time to post negative reviews even though the management company has performed flawlessly under the agreement.I know one top property management company as an F rating on the BBB even though they are a good management company.We currently have an A+ rating but that can drop at any time is the BBB does not look at the validity of the complaints they just go by the number of complaints.Again, I believe the best way to find a good property manager is to seek a property manager out and has invested in advanced training and education and has attained designations, usually they also have years of experience.

Turns out that this note could very well be unsecured.As I look at a copy of the trust deed, there is no title insurance on the note transaction.The owner of the property does not match the borrower of the note in question.The borrower is a corporation & I find out that the corporation is suspended by the state.Lesson 1: Just because there is a recorded document, doesn't mean it is valid or legal.Lesson 2: Take your time and do a thorough due diligence.

Hi Folks,Got a unique situation and wondering if anyone can weigh in - The previous owners of the duplex I recently bought had an auto turn on feature for their gas bill so that when a tenant moved out the utility was automatically put into their company's name.

Call the utility companies, (electric,water ,gas,etc.)Check the rent rolls, check the leases, check the rental rates.

. ---- easy docs income (non-prime rates, with bank statements for proof of income) for the true money making borrowers that cannot provide tax returns, (minimum FICO 620, minimum down 20%) ---- stated income / hard money, (no minimum FICO, minimum 25% down) ---- 97% LTV conventional loan ---- 95% LTV conventional loan with no MI monthly payments ---- 1/2%(half percent) down, minimum FICO 580 and above ---- 579 FICO and below, minimum 10% down ---- regular 3.5% down FHA, minimum 580 FICO and above ---- “A” paper Conventional, FHA, VA and No FICO ---- condo with insufficient reserve (no HOA cert required) ---- non-warrantable condo ---- non-owner occupied purchase with 15% down ---- reverse mortgage (no FICO and monthly payments) ---- stand-alone 2nd TD ---- Commercial: apartments (5 or more units), mobile home parks, self-storage, office building, mixed use, gas stations, church, land & constructions loans, etc… I welcome any scenarios you may have.

You should have a Certificate of Occupancy that seller provides that states that the unit is "legal" Also if it's a legal three family it would need to be registered with the State and there should be a valid green card.

The origination point of the mortgage is when my company/trust/joint venture purchases it as a non-owner occupied property further validated by the seller leaseback. 

@Everett MarshallIn my experience it typically means water, sewer, electricity and gas availability.