I'd have my contract with a buyer and close that first at settlement, the buyer slides his check to the closing agent and if goes in the file.

I assisted my grandfather with his multiple single-family rentals, but they usually had long-term tenants and there wasn't much work involved or lessons to be learned.I have a new opportunity at hand that would involve me renting houses and then, subsequently, subletting each furnished bedroom on 3-month leases.

But for subsequent investment properties -- #s 2, 3, 4, 5, 6... -- you have to put more than 10% down.

Check all the door jambs and the bases for any sliding glass doors.  

I agree Buyer is entitled to any profit that may ultimately result from the subsequent resale of The Property. ________ 15.

Title and ClosingAt Seller’s expense, Buyer shall procure a title commitment for an ALTA title insurance policy in the amount of the purchase price with extended coverage by a title company licensed to operate in the State of Illinois, issued on or subsequent to the Date of Acceptance.

I agree with Joe Gore that, for one property, all the corporate stuff is really not necessary, especially if you don't really have any assets to protect, plus the fact that, if anything goes wrong, taking title personally and subsequently transfer to an S Corp. won't exactly hide ownership or protect you.

The sliding gate is in place.

Let me know if you need help on your second or subsequent deals.

I can't find a property worth buying here where monthly rent is 2% of purchase price; instead, I have a sliding scale based on area, projected maintenance costs over next several years, and potential appreciation.