I use an economic unit addendum, which basically states that they are jointly and severely liable for all terms of the lease. 

Markets like Austin and Dallas are on fire when it comes economic and demographic trends but they aren't good cash flow markets.

This was super important for me: Make sure you understand the difference between the types of interests and rights that can be passed along to an heir, for example if your agreement is set up so that your partner's SO gets his share upon his death, does that person only have economic interest (just gets to collect their half of proceeds) or voting/decision rights?

The country has done an incredible job of turning itself around in terms of the economy and security and it has become an economic powerhouse over the last few years.

So nowadays I start on the telephone by telling them I am an investor and advise them regarding the economics of wholesaling their house. 

So it sounds like a straight cash offer would fly.here is the Oregon one  look up Washington oneAs used in ORS 646A.702 to 646A.720     basically what is says is if you buy a property in foreclosure and U flip it you have to give the old owner a % of the money you make on it  there are time lines and %  calcs in these laws.it was for this reason I stopped doing this.. now if you buy at trustee sale or sheriffs sale this law does not apply just in pre foreclosure and these were enacted during the mortgage crisis.. but they remain on the books.. 

is it better to wait until the risks of increasing supply and economic slowdown subside? 

The high rents in Baltimore are not economically reasonable. 

@Raymond Hill my sense is that due to the various costs and regulations involved, as @Brandon Ingegneri mentioned in his examples, it just makes more economic sense for builders to focus on single families than multis.I think it's related to the fact that most single family purchases don't make sense from an investment point of view because as an investor who's looking at income and expense #s to determine what you can offer, you're competing with owner-occupants who have very favorable financing and are buying because of the school district and because they like the kitchen and bathroom, not whether the rents vs. expenses & mortgage is profitable.In other words, because of the favorable financing and "use benefit", the buyers of single families almost always pay more per unit than the buyers of multi families.

I am moving most of my money into more conservative investments in the economical environment we are in.