Greetings BP members,I am interested in working with a realtor as an assistant but I am not sure of the best way to approach them or how common this is.

What if the person who pays bills gets sick and a secondary person forgets this as its not common everywhere. 

This particular situation depends on the language of the inspection clause....either you have to show there is a major defect, or as is more common, like most standard Realtor As Is contracts, you may cancel for any, or no, reason at all during the inspection period.

Just as a highlight, the property has fire damage, was there insurance in favor of the lender which covers such damage and will that claim transfer to you or should some of those proceeds be used to demolish and clear site or clean up site; will you be indemnified for any future liability if not, etc - point is, I would worry more about your not so common deal rather than trying to find sample contracts of more common deals.  

It does not require lawyers and is a common remedy for chasing tenant debt.If they are responsible individuals a small claims charge on there records will prevent them from getting loans, buying anything on credit or time payments etc.

Hello,I am a first time investor looking at a 3 family investment opportunity in Dorchester, MA (not the nicest part of the city, but cash flowing is pretty common - a lot of subsidized housing).

Is this common?

Pretty common in my experience.

They can of course lower the limit at any time, quite common in 2008/2009ish.  

Agree with Frank PatinoI would consider using my investments to pay off bad debt- Plus if the property is building equity from paying down the loan and increasing in value by the time you do retire the account you have now should be a fat little piggy bank.