Paint that is chipped or deteriorating it can cause serious health hazards.

I don't want to be scared into not doing anything.

I was too scared and I focused on the monthly mortgage payments I had to write vs. the money I could be making if I get more properties...

The attorney sends a letter hoping to scare the landlord into paying some small coin for them and their client rather than pushing it to filing to the court etc.If you cave at that point the tenant OWNS you from then on.

The thing about HOA's are, similar to health insurance, every year just like clockwork, you can expect an increase.

@Michele Fischer I agree, aggregate nationwide website data scares me!

One was vacant for two days.This scared me, so I hired a guy I sort of knew to squat for me and babysit my next vacancy.It caused it to drag out my repairs and showing process.

I found out during the the first evaluation the largest Health Care employer was expanding by a prospective tenant so I made moves to increase my holdings in that area. i wish there were more available as these are really quality tenants to which most stay for 3 years at minimum (per their contract with the Health Care facility)

This is why I prefer to write my own contracts. you dont have to be a lawyer to write them up, there are plenty of examples out there that can help. they dont need to be huge, even the back of a napkin can be contractually binding if enough detail is provided. just a couple pages, im sure once you read some examples you will enjoy writing it. then when you have a good one written up you can always reuse, just need to change the "Scope" section of the contract. one thing ive noticed, keep the contracts short, too many pages simply scares off small time contractors and really it only needs to be a couple pages to be covered for most residential projects.

Quite honestly, flipping houses scares me.