Mike the Cop is in a jolly mood as he proposes to his girlfriend Stella (Connie Cezon). She is uneasy about the proposal and tells him that she will let him know that night. Mr. Fields shows the apartment house to a prospective buyer, Mr. Scudder (William Fawcett) who has a strict rent payment policy. Mr. Fields explains that he needs to sell it, being sued for $100,000 for breach of promise engagement by a Mrs. Eloise Lumpkins (Grace Hayle) who thought he had a lot of money. If they can get him out of the mess, he offers free rent for life to Bud and Lou. Seeing that she is a gold digger, Bud schemes to introduce her to someone with even more money who will propose to her. Lou is talked into playing a wealthy Texas oil baron. Mr. Fields describes the woman and her daily routine of walking her dog for Bud and Lou to cross paths with. Stella is Mrs. Lumpkins assistant and takes the dog for a walk instead. Lou bungles trying to look tough in front of a mistakenly Stella to gain her affection. On a second attempt he talks up being super rich and ends up falling for her himself. Later at a restaurant she accepts Lou's proposal. She returns Mike's ring and he vows to get the other man. Bud has Mr. Fields write a letter of formal proposal that she can deny. Mr. Fields shows Bud a picture of the woman, and he realizes they hooked the wrong woman. Attempts to clear things up gets even messier.