They involved a lawyer to bully me but I have kept my professionalism and have not fallen in their traps.

Examples of a breach of this warranty include the failure to provide heat or hot water on a regular basis, or the failure to rid an apartment of an insect infestation.Public areas of the building are also covered by the warranty of habit-ability.

I am curious to know what the traps are for keeping an existing tenant in place, if any.

You dont want to get trapped in the hard money loan, default interest will kill the deal. 

A new build on 1547 Conway just sold for $385k just off it's list price of $399k after 17 days on the market. 2880 Monterey Dr, sold for $212,500 up from a list price of $210,000 in 2 days on a street which is still fairly rough to me.It's easy to fall in the trap of thinking in the past.

This is also the same percentage that you need for a non-cash out refinance (more on why that is important later).If you purchased the investment property with a loan, then conventional loans will require you to wait 6 month to take cash out.This rule does not apply if you purchased the home with CASH (more on that in section 2).Let’s explore some examples here:If you purchased a property with a 15% down conventional loan (85% loan to value) and you wanted to get cash out, you wouldn’t be able to do so since the cash out limit is 75% of the “Loan to Value”.

I got her some traps.

But I would recommend not falling into the trap of doing a lot of repair work yourself to save a buck, unless you enjoy it and do not plan to acquire many more properties.

I came across an article awhile ago, which really struck an accord.http://www.biggerpockets.com/renewsblog/2011/04/04/real-estate-guru-scam-trap/No doubt, there may have been really successful investors as a result of the Lifestyle mentorship.

We then converted the old useless insect/bird nest infested lakefront porch into a 23x12 kitchen with an 8x4 island.