Sooner or later it will come back to hurt you. 

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Two days later my partner went to the house, no supplies, no workers. 

They normally do a very poor job that will have to be corrected later - drips on the floor, doors walls and molding, poor job of cutting in, bleed through on the walls.

He testified that he used his personal bedroom exclusively forbusiness purposes but later testified that he slept and ate in his bedroom.

It’s better to build those numbers into your pro forma now so you’re not surprised later. 4.

It was the purchase that jump started my real estate investing career by providing a high consistent cash flow, and a large capital gain 4 years later.

Living in bumfck NH started a chain reaction that enabled me to retire modestly at 28, just 3 years later.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I see some great deals on FB Marketplace - Is it better to buy one used (obviously making sure it seems to work first) and pay for repairs later if necessary OR buy new and have the warranty?