Instead of being elated or relieved I was horrified.

He said it was poised to boom in the 60s in oil with it's deep water.

An option to purchase, on the other hand, is a unilateral contract which gives the Holder the right to compel sale of the property at certain price within a certain option term.See your local Real Estate attorney that has deep experience for your state.And, there is no "Due on Sale" Jail.

No one can mitigate all risk, but I would rather have a chance at being wealthy earlier in life using debt (its what the FED does, and no matter what you think about it, or how you think it is going to end, if they flame out, I could care less if you own you property free and clear we are all in deep doo doo).If you use debt to no more than 70-75% LTV, in todays market, we could still have a correction and you would have an equity cushion.

I don't think you can manage properties for others without a real estate license or property management company in Washington, something you may want to investigate before you get too deep with your sister.

You can make a second putting you underwater but I'd suggest you not go very deep.

This tenant's reactions are completely crazy and off the deep end.

(Then, take a deep breath and cool down.)Someone should be paid for this.

I work late shift Broad Ripple area for the PD and play there after long shifts for a stress reliever.

Well since I’ve been in deep thought on putting rentals in LLCs and asset protection past few days on Ali’s blog (thanks Ali) I would propose the first thing to do would be to identify and rectify any mechanical or electrical hazard issues.