I would strongly advise that you consult with an attorney, but I found this:Universal Citation: LA Civ Code Art. 688 (2022)Art. 688.

I would advise you not to waste your money on paying someone for coaching.

Account Closed I would also advise to raise the rent a little each year but not enough to make then upset or run away.

At FlipSystem we are offering infinitely more than just written resources, and our clients value the ongoing coaching/advising, access to vetted teams, introductions to lenders and insurance companies etc that we offer.

Hi Angelina, Great advise here from others.

One minor exception to the comment: not advisable to lose Section 8 funding which could result both an immediate lose of further rents and/or a squatting/eviction scenario.Next:1) In terms of the late rent payment(s) - consider a 3-Day Notice to "Cure or Quit". 2) If step 1) ineffective, consider the lease type - in many states if month-to-month the lessor has the right to submit "30-Day Notice to Vacate" without cause. 3) If step 2) is ineffective, an Unlawful Detainer (aka Eviction) could be pursued.

If the price point is feasible I'd advise to do your first flip locally that way you can build systems and processes and gain the experience of doing a flip while being able to monitor close by.

Can anyone point me to a good guide or advise on any major differences in this type of investing? 

My issue with your advice is that you advised to LIE and say "my mother is sick and we need a place for her to live so she can receive in-home care and see her grandkids a few more times".

If you haven't already, I advise combing through the agreement.