All the applicances including the fridge, stove, microwave, washer/dryer, and the A/C are new and installed within the course of that lease.The lease terms were that it would be paid 1st of the month but all the rent payments we receive are mid-month (after 2 weeks).Also, the inital lease term included only her and her two children.

Hi Folks,I am studying a title where ABC Husband and XYZ wife signed a Deed of Trust to a BankAfter few years husband died, without writing any will.They created affidavit of heirship for Children, and wife XYZ created Special warranty deed for their three Children and transferred the property.Now property went in default and bank is foreclosing the deed of trust signed by ABC and XYZ.So now the owners are the children, If I buy at foreclosure auction at county then what happens?

Children do what feels good.  

Very lovely woman with nice children-I liked her & wanted to rent to her.

People buying these properties either have no children of school age or are willing to drive them to the private schools north of Downtown.  

CONSUMER " PROTECTED"  OUT OF HER HOME.SUBTITLE:  BE CAREFUL WHAT YOU WISH FOR, YOU MIGHT GET ITAn actual case history- A home owner rendered homeless as a consequence of  a mortgage regulation--  HOEPA  ( Home Owner's Equity Protection Act )The mother of  three school age children provided in home medical assistance for an elderly resident of a small Idaho mining town.  

Six children may put lots of wear and tear so make sure you set money aside for it.

If you have small children at home and a full time job, don't get into a massive rehab situation.  

Is there a certain amount of cash flow that you want to achieve coupled with your consulting earnings and social security, are you looking for capital preservation, are you looking to continue to build wealth to hand it down to your children, relatives and charity, or all of the above?

And train them not to treat you like a Godfather some tenants can act like children with the whole room situation.