., the current occupants have at least one year to use, abuse and destroy the place) then you count the cost of your money, for the 18 months or so it takes to get possession, you are at about 95% of retail before repairs. 

So try living their anonymously until you decide whether or not you like this business.Landlords can and will get abused by their residents both physically and financially.

I'm a big fan of minimizing common areas, common amenities... and their inherent expenses to the small-time landlord... whenever possible.Think of common areas and amenities as the socialist part of your capitalist facility... encouraging irresponsible use and abuse...Your use of a direct payment system, like the coin-op timer, is a good step in the right direction.However... if you are going to use the basement as a common area... sounds like you need to have a common area electric service with its own meter...If you see no reasonable or affordable way to physically separate the common area utility circuits from the lower unit... then you might want to adjust the lower unit's rent to compensate...If you have decided not to do any re-wiring... another option might be to designate the basement, and all it entails, as belonging to the lower unit... since it is already wired that way...

Contingencies should be used but not abused!

More importantly, if I get hit by a bus next week, I want my family to have the option to liquidate (fairly easily) that asset if they choose to.

I have a million other questions, but honestly if you’ve made it this far I don’t want to abuse the privilege.

Contrary to what others have stated and found in Hemet (but I admit, the place took my innocence with regards to humanity abusive behaviors - if you could look past that stuff) investments can perform satisfactorily.  

I know that a good part of the problem is these “gurus” tell their “students” to virtually abuse the realtor, and cut them out of the transaction asap, which I think causes the new investor(s), and probably some of the more experienced ones, issues.Now, I do know that a few investors will want to use HML, for whatever reasons.

At the same time, vagrants suffering from drug and alcohol abuse are for the first time pitching tents on our street.We feel trapped between falling rents and falling home prices, rent control, and bad city policies on crime and homelessness.

Check that document against the title... also- use a purchase agreement so god forbid, someone gets hit by a bus... everyone knows whats up...