It almost goes without saying to locate a good CPA (should automatically display when the word "tax" appears in a question), but bear in mind that many accountants have a broad clientele and can get watered down on their specific knowledge of REI tax strategies, as well as taking the easy path due to time constraints to research issues).It is imperative that you educate yourself and raise these issues with your CPA.

The T&P valve nowadays ships with the new water heater units being installed so that failure point I think we just chalk up to Mother Fortune (as failure of that valve would precipitate behavior in your referenced video). 

But I highly doubt their behavior could have been unrelated coincidences.

If I don't like a certain behavior, they get a 30 day notice. 

Have you ever been shocked by the lifestyle and/or behavior of your tenants? 

I don't raise rent to reward good behavior, to reduce my costs, and to improve my rent revenue.

But by not responding, you're forcing tenants into exactly that behavior.

Prosper, BTW, is big on this CYA: 'information ...displayed without having been verified.'

(I would add that the seller understand that the buyer (or optionee), will have the right to hire a real estate agent and list the property on the MLS, etc.).In addition to all of the above, I would have the seller sign a "Memorandum of Understanding" (which is a simple agreement that displays that equitable interest has been established between the seller and buyer (seller & optionee).Good examples of various "memorandums" can be found on the Internet.As a buyer (or optionee), I would then record the "memorandum", with the correct county or city.That simple document will go a long way, combined with your other docs (contract, option, assignment agreements, etc.) to demonstrate to the State of Florida, that you indeed have a "right of marketability" (long with your "equitable interest").Dennis, I would think very long and hard to what I (and others) have posted here.And if these things are not quite clear to you, then you will need to learn them.Know what "a principle" of a deal is plus having "equitable interest" means in your State, and what rights you have (or don't have).Again I cannot stress this enough, if you are unclear about what to do, get professional help.Just "some added steps" to what you have done, can protect your interest in a deal, and should protect you (with the State of Florida).Please note I'm just a fellow investor giving you "my 2 cents" on this thread, and suggest that you obtain legal advise from a Florida Real Estate Attorney, Title companies and professional marketing opinions from licensed agents...Good luck with your deals Dennis!

You have it in the lease that smoking inside of the unit or property is a violation of the lease and the tenant will be subject to damages.If they smoke on the back patio or outside it's not that big of a deal.The problem is when it gets cold outside they will smoke in the garage or crack the door to the outside while smoking inside.They will also crack the window to the bedroom hoping you won't notice.We do an inspection once a month.In the lease we can check at any time for maintenance issues.I don't keep the same time each month this way it keeps the tenants on their toes.When they know you can show up at any time it keeps them on their best behavior.