This is my favorite- Increase in rent clause (if your local law allows) saying something to the effect of: "Rent can be increased at any time for any reason at the discretion of management by written notice prior to the next due date."

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Harboring resentment is not how I wish to spend my time, so my challenge is to be firm, uphold my terms and standards, and practice the art of “not taking things personally,†as outlined in one of my favorite books, “The Four Agreements,†by don Miguel Ruiz.In writing my book, I filled it full of idealistic, time-tested advice for the purpose of guiding my young daughter through her time on this fantastic planet.

I have done some lease option/lease purchase and it is one of my favorite strategies when selling (especially in the current market conditions).The key to a successful lease option is details you use in your contracts.

Getting sued happens to land on the very top of my list of least favorite activities.

there have been some good response so far, I just wanted to add my .2 cents simply b/c again it's by far my favorite strategy.I only wholesale deals that I've shorted simply b/c if I purchase a short sale for 100k.....and then rent it out blah blah blah, well my cash on cash return is low b/c I paid out of pocket 100k.However............if I take over Sub2 and pay minimal out of pocket like closing cost and maybe a few bucks called 'uhaul money' for a moving van, well then we'll say im in it for 5-6k at the most, then just like you said I make that right back with option money from a tenant buyer and then cashflow every month.

I have to say apartment complex investing is my favorite subject.

I would suggest my favorite way of investing and that is with lease options.

OK - Here's another fun one . . . check out: The 5 Scariest Wooden Houses EverBTW - Please Digg, Stumble, and share the post using any of your favorite social bookmarking sites.

Because Real Estate is one of my favorite fields of endeavor, it's what I want to be successful in, and it's what makes me happy!