What I want do was compare what I have to what others have, and to know if what I have is sufficient or will I run into problems when I actually have to enforce this section of the agreement.Thank You"Tenant(s) agrees to pay all costs, expenses, collection and attorney's fee, as allowed by law, either expected or incurred by Owner/Manager due to any breach or default by the Tenant(s) of any terms of this contract."

I'm just thinking out loud here.I'm assuming that as long as a sufficient percentage of the rent covers the mortgage, taxes and insurance, then this wouldn't hurt my chances of acquiring a second mortgage for the purchase of a property in Florida.

I would like to know what disclosure forms you all use with homeowners when pursuing a short sale (example- homeowner 1099 tax implications will arise the following year. what are things a homeowner will need to be aware of and acknowledge in writing, in order to protect myself as well as inform them sufficiently.

It is possible for the national index/etf/itb to be soring and the city/town in which you hold your properties just lost a major employer or vice-versa.For most real estate investors your best hedge is to buy your properties well - when performing diligence model the property with rent set under market, a sufficient allowance for vacancy & bad debt, and realistic to conservative operating expenses.

And I didn't start making a high income until late last year, so have less than a full year's proof of sufficient income.

As a newbie, you should educate yourself sufficiently to minimize the possibility of such happening.

This assumes your credit is sufficient to make sure you can utilize conventional financing effectively otherwise FHA for the primary home will allow the most leverage at 96.5% loan however FHA adds 1.75% of your loan that gets financed into your loan and an additional 1.35% annual mortgage insurance.

In most situations, that will be sufficient to protect you.

A 25 year old furnace is sufficient until it quits (usually on christmas eve:))

IMO, LMOs are not be getting sufficient training, reminds me of the old commercial where a financial planner pushes the same IRA across his desk to any client saying "this plan is especially tailored to your needs".