His income on the application is $4500 per month but the lady at human resource is not willing to verify his wages.

What happens if you buy the property from a lady with the only heir is a cousin and you buy it subject to .. she is 70 .. what happens if she pass away... is the property yours to keep?

Ironically, my friend currently has a lady that has bare land in a 1031 that is sold waiting for a suitable property to exchange into.

I had to convince the guys that they should not listen to their "friends"- they needed to listen to this "little lady".

The only witness is the crazy lady across the street.

For all the newbies, you can not make terms of a lease to any whim or what you think may be a really cool deal for you, there are acceptable terms and conditions in every are of the country, you can't just go wild thinking if you get someone to agree to something that it will be acceptable.

When asked about the changes the lady I was working with was quite candid saying these efforts are being implemented to reduce fraud in the system.

I have a lead on an inherited property, but the lady said the judge won't allow her to come down on the asking price.

Just so Tony doesn't have to bust out the numbers for now - (maybe he will later) I am going to make a wild guess with no market knowledge in his area, based on materials in picture, that it cost Tony $200 per sq ft including lot and permit costs, putting his profit around $137k gross.

How about some other wild & wacky ideas you have came up with to increase your income stream from the rental property??