You've saved me a few grey hairs ;-)

However if a tenant habitually pays on the 20th and faces no real consequence for doing so, it could be ruled in a court that the "real" (in practice, substance) due date was the 20th, regardless of what the lease (form) says.Another example could be that if the last month of a lease, even a specific month, is pre-paid, but when that month comes every year, the tenant pays like normal (as if it had never been pre-paid) and "transfers" the pre-paid month to 12 months ahead, then a court could rule that the substance is that it is being treated by all parties just like an extra deposit (which is also rolled over with a lease renewal), regardless of what the paperwork says.This may sound like splitting hairs, and there are plenty of landlords who don't care about things like this and never run into a problem.However it's also possible that you can get a tenant who has authority issues (ever had any of those, anyone?)

Also, I was always afraid of a cemetery, seems weird, but when I drive by one, hairs on my arm would stand up.

You are right, lots of money out here looking for deals.Not going to throw in the towel by a long shot but dont want to leave myself open to some beaute with a hair up his *$$ by using some wrong phrase or procedure either.

The Frog Hair sounds like a good place.

My wife and I live in South Austin, TX and we own SFR and multi family rental properties around the area; San Antonio, Austin, Bryan, College Station, Leakey (yes - Leakey - is a real city :-) ))We also own a string of Great Clips hair salons in the Central Texas Area. but my real love has always been real estate and wanting to pursue fix and flip has been a life long dream.

Johnny: Yes, there are 9 apartments, a commercial laundry facility and a potential hair salon that used to be a garage.

The tenant's lease should point this out as well.For normal use, like hair clogs, toilets, gunked-up p-traps through no negligence, the landlord is responsible to maintain (at least in NYC).Also, when drains do clog, make sure the tenants do not attempt DIY solutions such as drain cleaners on their own.

Newbie lender it will be with a small project so I hoepfully I will get a few less gray hairs.

If you are only able to make money by purchasing mobile homes from super-highly motivated sellers that are pulling-their-hair-out then you will not be in business for long or not full-time at least with MHs.