Posting cut and paste responses to every post is against the rules of the forums I believe and not helping anyone.

Your state likely has a similar statute, which may enable you to simply filing your complaint for removal with the sheriff's office or by filing a legal action in court to remove them.

So, I would collect several hundred per year in late fees simply because they didn't manage their personal finances well.

The key is to simply lay out your options and determine which one offers the highest return while staying within your acceptable level of risk:Rent and save for a 20% down payment on an investment propertyBuy a primary residence without house hackingBuy a house hackOther: Is there a better use of your money?

Obviously, they needed to take some short cuts for a reason - that DOESN"T make it right, but helps me feel a bit better that I am helping some one in need when stuff like this pops up!

Similar to most knowing interest rates were getting cut, most companies knew this was coming and prepared for it.

@Samuel KoekkoekWhatever you do, dont get into the S&P in the next 6 months, every time on the lastv30 years the Fed has cut interest rates by 50 bps, the market has had a minimum of a 30% correction.

As far as drafting contracts most of the investors I know simply use whatever contract they’ve been using over and over again. 

Outside of those focus on simply being a good landlord because you have far more control than you may think.I am in Philadelphia which has tenant friendly landlord tenant laws.

So now, today, Detroit is no longer viewed simply as a cash flow market.