Look at the Florida condo market to learn how the market can be affected by special assessments, weather-related disasters, insurance availability, as well as newly promulgated laws/regulations.

.- I have the statement of condition that I will have the renter sign and make copies of and provide them a copy.- I will have them provide a copy of their tenants insurance for my records. - Will provide receipt for first and last months rent.- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?

Question #2 When getting homeowners insurance, how does one answer questions about the condition of the home if they’re not exactly sure?

I'm buying a property directly from the owner.  We are negotiating the price with no brokers, which I love.   This older gentleman is financially "set" and does not need the money.  I'm buying the apartment cash but I...

Your home, has to be in good condition & you will have to ensure that the tenant can vacate the home. 

Take photos of the condition the tenant left it in. 

Due to the closing deadline/home condition, I am looking to use a private lender for the purchase instead of conventional from the start.

This will cover the unit’s condition, including plumbing, electrical systems, and any visible structural issues.

I'm a big fan of the upside though.Topics on my mind:  what market conditions would have to occur for the NPN space to make sense for smaller investors? 

Only buy good condition or brand new.