The final report on return of deposits does not occur until the landlord has regained possession of the property.

Hopefully you wont have any type of incident that will leave you maintaing two properties out of pockect without rent but if the unlikely occurs and you'd still be able to handle it af few months, you are more than ready for you next purchase.Good Luck...

The problem is it's not just your tenants that can sue you. if you are at fault in a serious car accident (God forbid), you can be sued as well.

Once I select them and they select me, I need to teach them how to follow the terms of our rental agreement and I must effectively enforce breaches if and when they occur.

Need to leave some breathing room to anticipate things occuring.

Im always thinking of diffrent strategies To own property's and here is something I wanted some insight on before I try it.When a tax auction occurs the owner has a year to reclaim the property correct?

I found BiggerPockets on accident searching for real estate investing material online.

So I decided to re-commitment myself to investing.After finding Bigger Pockets by accident, I realized how little I really known about investing.

My opinion you don't know what is actually going to occur until you go through it...And as mentioned any difference between what you owe and the sale price is considered income; you will owe taxes on that...

Towards early April, Bob stated that a number of burglaries had occurred in the area, and that he had removed my oven and dishwasher “so they couldn’t be stolen”, though I know for a fact no oven or dishwasher was ever there.