If people buy any asset with zero margin of safety, then their risk of going bust increases.

In particular you need to know: how much notice you each have to give to end the contract, what obligations you have regarding safety and whether you are obliged to lodge the deposit with an agency-Find a lease template specific to renting out a room online and fill in the details.

The better the deal the greater margin of safety.

It included the phrase: "the enjoyment of life and liberty, with the means of acquiring and possessing property... and pursuing and obtaining happiness and safety."

Originally posted by Tracy Price:offer to have someone review the home for other safety items....

Are there any obvious trip or safety hazards inside or outside?

The reason being that money isn't really invested in the deal, I understand you want it in place for a safety net but that isn't a function of the cash invested.So the numbers I come up with are:Ask Price $64,600.00 Loan $51,680.00 Down20% $12,920.00 Closing6% $3,100.80 (I use 3% but I'll go with this for you) Touch Ups2% $1,292.00Property Type 3 Rent / Unit 483.00 (Based on reported annual gross) PI 285.38 (I used 5.25%)Expenses 50% 724.50 Total Expenses 1009.88 Monthly Gross $1,449.00 Annual Gross $17,388.00Monthly cash flow $439.12Annual cash flow $5269.45Recover Funds $18088 41.2MonthsCOC=29.1% There may be an error or two from as I copied it over from my "quick and dirty" spreadsheet, but all in all I think you get the picture that this is a pretty decent buy.

Michael's fire has me thinking about safety inspections.

I still believe you can do specs with great safety.

PubID=772Other housing safety brochures:http://publications.usa.gov/USAPubs.php?