It’s crucial to negotiate terms that benefit both parties, involve a trusted attorney and title company, and conduct thorough inspections and market research to ensure a solid deal.Good luck!

Are the other parties to the agreement the property owner sharing the well and maybe an HOA?

The majority of Buyers search 3rd party listing services which also provide listing agent contact info.

The more challenging part is learning to manage investments well, as my book makes real clear.

Example - 10-20 hours this year managing your local rental vs 30 hours this year learning about other markets and finding third parties you can trust.

Carry appropriate insurance (property, general liability and make sure you are listed as additional insured under tenant's renters policy and 3rd party vendors).

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

The tenants threw a party and neighbors called it in and now he is dealing with the City on how to address this.What we think should and shouldn't be enforceable isn't relevant.

Not just location, but different states can have different (sometimes weird) rules like here in Texas where you need a manual third party "attorney review' on every loan doc set - adds about $100 to each doc cost that doesn't apply in most states

If the loan is not being serviced by a third party then odds of getting this are going to be slim as most mom and pops don’t know how to do this but yes they should.