Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I have a house that was built with local lumber flooring white oak in the late 50s, and my HVAC contractor went through a dozen blades making the cutouts when we added central air. 

If you're late on your mortgage, why do you want to invest in new construction for a rental?

Good afternoon, Bigger Pockets, my name is Taben Tucker i served in the army for four years i have a wife and two kids and i currently live in northern Virginia.

My current situation - I have a FICO of ~630 (no late payments or derogatory marks, just credit card debt from school). 

My north side chicago units have run at under 3% vacancy and never had to give even a late payment.

It’s never too late to start learning and becoming more strategic.

Another thing I like to do is go to the Olive Garden or Carrabba's around 2 in the afternoon when they are not very busy and order just a coffee and sit with the contract and read it. 

The best thing to do would be to consult an attorney, but likely, that is not an option for everyone starting out.I'm not an attorney, and this is not legal advice, but some of the information that we include in our contracts is:- A clear scope of work - Payment schedule / Milestones- Change order approval process- Allowances for finished materials- Reasons to terminate the contract- Expectations for start date (X amount of time after final plans /permits are received or X amount of time after the contract is executed)- General schedule and timeline (This is where you could specify an end date - however it may be better use incentives rather than liquidated damage if your general contractor is late - we've done both, but found General Contractors respond better to getting something if they get done early instead of being punished for being late. 

Even the banks and lenders are happy to do buisiness all over Detroit as of late.