Spend more than half of your total working hours in an RE business in which you materially participate.2.

On the other hand, if these are in terrible areas, you introduce a different kind of risk. 

Basically 75% of the total rents need to cover all the bills.

Also, your total returns go down without any leverage because you lose the multiplier effect of appreciation.Now, to answer your question.

Brokers, on the other hand, have the duty to discover and disclose material facts - regardless of what a seller marks on the form or is willing to disclose. 

He believes he can wash his hands in regard to his obligation to pay the rent by giving me notice.When I get started with the YouTube Podcast, I will take things like this and begin to unfold the Story and follow it to it's conclusion.

If you oversimplify it and take your total cost to close the deal / monthly savings = # of months to Break Even.

@Jason Seay  We have in our lease that all parties are responsible for the total rent. 

Problem: Alignment - this is hands down the most common mistake that I see.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.