See how his risk and reward tolerances match up to the specific benefits he's described.Then you can start to map a plan to get him to where he wants to go and get to work on it.

Take some time to figure out which method meets your requirements (capital, risk tolerance, skillset, etc) and learn how to be successful in that area.

This is exactly what I said in my post above last night, which was what was previously pointed out to me by my broker.So, in general, it sounds like the law frowns upon brokers creating any non-simple contracts, but will tolerate it if they make the contract subject to the review of the attorneys for all parties.Based on that, I'd suggest that it's more legal for brokers to do this than Dale believed and less legal for brokers to do this than I believed.So, we're both wrong...or right...or somewhere in the middle...At least as far as New York is concerned, and it appears that other states have also adopted that ruling from what I could tell.

As soon as they violate the lease let them know why and that it will not be tolerated.

A $35 fee, charged for an inspection that is mandated only when the unit completely changes over is tolerable.

There are laws that can be circumvented, but most buyers are pretty tolerant knowing that Aunt Gertrude died peacefully in her sleep.

That flexibility allows you to manipulate things such as coverage amount, deductible amount, policy form, etc. to more closely match your needs and risk tolerance and thus have some influence on the premiums you pay.Hope this helps some.

I would consider my risk tolerance to be slightly on the conservative side.

i am currently comfortable with the least amount tolerable, but i am at a different stage in my life than you are (26yr old).we currently pay $800, with $580 of that coming from two roommates.

keith, i did what your talking about...i was able to buy 3 three family properties this year...it is working out because i bought for cash flow...my equity in my own home was not working for me at allbut it all depends on your risk tolerance...make sure your #'s work...for example my numbers: i make over $1500/month per property i bought this year...if i could buy more i would but right now ive used all my equity up to 75% on my primary home...landlording is not easy either, just get ready for the roaches, bedbugs, overflowing toilets, fights between tenants, trash, etc...even w/ all of that its still worth it imo...good luck....bg