But when I agreed to buying the property "as is" I wasn't aware of the 6000$ in expenses for the heater and asbestos containing duct.

Steve:Sorry I did not get to this last evening as I committed ... it slipped my mind.In our neck of the woods, we have a standard government lease (called Form 6) which, while it is not obligatory we use it, any lease you draw-up yourself cannot deviate or contradict the standard lease ... so most folks use it.The standard lease allows the landlord to attach their own Schedules to the lease ... most notably Schedule A - Additions to the Standard Lease ... this is where your "house rules" are to be found.In our Schedule A, we have a section on Alterations to Rental Property which contains the following clauses:1.The Tenant agrees to use only putty, tacks, pins or finish nails but not stickers or tape as picture hangers. 2.The tenant agrees not to make any additions, changes or alterations to the rental property without prior written permission of the Landlord.

In order for the loan to be assumable it must contain an assumption clause.

Matt, you might check this out as it contains fantastic information for new investors.

Hi,I would like to purchase an e-mail list containing as many active real estate agents/brokers in the Los Angeles area for a marketing campaign.I contacted the MLS directly and they do not sell lists, can anyone recommend a good source for email lists?

While the main site contains an amazing amount of free information, to keep it going there has to be some income.

There are two BP seasoned investors (Danny Johnson and J Scott), who have websites that contain free content to educate you on flipping.

I would personally bring a few 5 gallon containers of diesel every now and then until the eviction process was over.

That checkerboard flooring in the basement was a floor tile that probably contained asbestos ...You - and me and all of us - have to be careful doing what you don't completely know.

I recently had a potential applicant that wanted to rent with a mixed-breed pit bull, and my insurance said not even a mix containing one of their restricted breeds is allowed.