He is not smart enough to be a rental property owner.....no insurance.....really?

Sure there is a very small chance that something will go wrong, but with the tightening rental laws spending a little on a proper lease is smart.

Make sure if you go into a contract (no option period), you require a substantial earnest money.

Quote from @Katie Camargo: I am under contract on a home that I plan to rent out- numbers look solid, but I just learned that it's in flood zone A.

What I did was after my sale was under contract and I was down to a couple weeks from closing I started shopping seriously and had my replacement under contract a couple days before my sale closed.

Any way to delay the official sale to keep taxes low while still maintaining a contract to buy? 

As for gray areas in contracts, the courts will almost always find in favor of the party who did NOT write the lease.  

I have a property under contract and need to know could I get an extension with HUD if I’m an investor?

.: Hello everyoneSo we are under contract for a quad in Columbus area and currently shopping around for Home insurance.

The concept of the system is smart.