I was toying with the idea of buying property south of the border, but I don't think that's the best idea for somebody so new to this game!

Providing you don't use your rental properties as ATM machines pulling cash out to buy toys. 

I don't blame tenants for these issues unless it is a stuffed toy in the toilet.

The tenant did NOT indicate these “toys” on his rental app, and the lease states “tenant agrees  not to store and/or park any trailer, camper, boat, or any similar recreational vehicle on the Premises or on (Street).  

It's all about the fabled OPM (other people's money).

I've Google, but I get one extreme it's highly illegal to yes its legal to sell contracts. tia. 

Not something I would do personally, but it's what Rich Dad advocates (let your assets buy your toys). 

I'm trying to work out what would be the best arrangement, for all involved, and am hoping to get some feedback from you pros out there on successful partnerships with loved ones that hopefully go well and I can apply this strategy to future partners.1st option:My best friend is struggling to buy a house (like most FT home owners are) or even find a rental and I was toying with ideas of how I can grow my portfolio, while also helping her find housing.

Unless you're willing to chop thumbs and break legs to get your rent, your D-class tenants will always be primarily made up of people who are unable to keep their word and meet their obligations, who are looking for an out in every agreement they make, who steal whenever they can because they are what they are.Do you know the fable of the Scorpion and the Fish?

Hello Friends,I am toying with the idea of renting out my home for a year, either as a traditional rental or an Airbnb.