Quote from @Rajagopalarao Paidi: Thank you all , very good responses, appreciate itOne question, can i list in FSBO as well as with an Agent ?

In that case, this would need to be an all-cash purchase and could be sold along with any liens, violations, or judgments against the property to be the responsibility of the purchaser.To your point, this is difficult but feasible.

@Caroline Gerardo  My response related to reserves was a reply to this statement in your post: "In addition to down payment you need reserves which is 12 times or 24 multiplied by all you debt.

,Thank you so much for your thoughtful response and recommendations!

Greatly appreciate each and every one of your responses.

Thank you so much your response. 

I love that there is a forum for being able to ask questions like this in and get a great responses back.

Half the time they may not even realize they are acting as the GC and have that added responsibility or what that entails.

You should have a clause in your lease agreement or an addendum detailing their responsibilities along with penalties for violations.At Keyrenter North Jersey Property Management, there are a couple things we always go back to when making these decisions:- How can we provide the best value/service to clients and tenants?

Much better you place the burden on the seller than accept the responsibility.