AGAIN FOR ALL OF THE SMARTIES....I AM WELL AWARE THAT A LANDLORD CANNOT DENY A TENANT BASED ON MARITAL STATUS AND should HAVE NO CARE IF TENANT IS MARRIED OR NOT.....HOWEVER I AM INTERESTED IN KNOWING WHAT FINANCIAL OBLIGATIONS COULD ARISE FROM THE DIVORCE PROCEEDINGS AND IF THOSE OBLIGATIONS WOULD AFFECT PT'S ABILITY TO PAY RENT BASED ON PROSPECTIVE TENANTS CURRENT INCOME.

A slowdown is usually marked by a rise in interest rates (2022 & 2023) and a decline in sales, which occurred in 2023 with a 28 year low of sales.

Success in both SFHs and Multi-families still requires purchasing at the correct price and having the correct systems in place to deal with issues as they arise. 

Hello, I am just starting out and have my first property renting out bring back around $900 a month while no maintenance or other issues arise.

Are you wanting to be on asset management calls and dealing with issues that arise?

I’m not aware of any state that allows what would be a junior lien and would be extinguished in the foreclosure sale to game the system and record the lien in the gap between notice of the sale and the actual sale.There are ways to legally address such “liens” when they do arise in the middle of a foreclosure… such as redemption or surplus or even a QT action. 

However the real fact is there are going to be some sellers that are going to be cremated by bad actors and those that are under capitalized and dont have the means to solve these problems that could arise and will arise.   

LLC structure will (theoretically, at least) protect you personally (as well as your other assets) from liability arising from the subject real properties, EXCEPT for acts you personally performed.  

Take action as soon as you can when any issues arise.

If you educate them from the beginning and are proactive in your communication as problems arise, they'll feel confident in your management.