If I was a tenant and I saw such a warning I would not be holding my breath while you held my money.To even screen tenants for a unit that you do not have could be an issue if you do not have multiple units that they could be offered and which they want.

I would also warn against a 1031 exchange and was wondering, why not live in one unit while you rent out the other units after conversion, then once 2 years is up, sell the unit you have been living in tax free up to 250k if you're single and then either move to the other units or even if you sell them at least you can tax advantage of capital gains since you've held them for more than 1 year.

IIRC for every 10,000 forcible detainers FILED, about 2500 deadbeats actually show up in court, about 50 of those mount any kind of "defense" that might earn them a "stay of execution".Of the 2450 that "lost", fewer than 50 are still around when the constables show up (one day before actual moving day-to avoid hassles) to warn them the "the truck is coming tomorrow" and maybe 10 of them are still around when the truck comes.My tenants always KNEW I meant business, so I've only ever been in court 4 times, only ever had ONE tenant show up, she mounted a "dog ate my homework" defense, the judge said, "all cash wins-out you go" and they moved on Friday and Saturday.

(actually, you do the exchange but still give the investors their money back).But fair warning: they're not cheap.

Apparently its becoming a serious issue and fines (maybe even jail time) are likely about to be delt out to those that aren't heeding the laws.In the other investors marketing letter I think they specified short sale help which lead to the direct contact police warning.

Look for potential warning signs that the seller is in financial trouble, such as delinquent accounts or a large amount of outstanding debt.

Warning - You need to have cash reserves in case you need to pay to the seller and the tenant buyer does not pay you.

., 6%, $3,200 monthly paymentmonthly gross rents currently are about $14k, with 5 vacancies, so total potential monthly gross rent is about $16-17kThere are many on BP who warn against buying rentals in marginal areas (75% of my tenants are S8) but also some who think it's a good opportunity (see Lisa Phillips' excellent post on War Zones).I used to live in St.

Be warned: you might get addicted to the site!

You can buy it anywhere expect any place where there is a ban on doing business with that country (eg, North korea, Iran etc) either by UN or by US.Also may want to avoid middle east warn torn countries.