My only problem with this is the amount of equity we are leaving tied up in this deal, which would cause us to have to save up to buy the next deal instead of using the money in this deal to purchase the next deal.2.

There is always gonna be someone pointing the finger at someone else and ofter times these reoccurring issues  can cause some enforcement to be advocated for and in turn put into place (such as the wholesaling laws in IL).

It caused a lot of headaches and lost friendships…but it helped keep my expenses down so I could put all of my then meager salary into updating the property.

If there is any cause for concern, your attorney will notify you.

We flipped it for double & have held the note for 8 years.Now days it's a lost cause as people are jumping in without any regard to margins, rehab, or operating  costs & will accept the equivalent of a 'prime rate' return after expenses????

Outside of that, there isn't much landlords can do without getting close to the legal fine line.If the service animal causes damage to the property or puts other tenants at risk, you may be allowed to evict them, but I would still seek an attorney or further assistance from the ADA before doing so.

@Jacob HumistonAs long as it won't cause any issues in your relationship, would be a good idea to rent out the other bedroom as well which I can only assume would being in an additional $550-$650 per month depending on the area, amenities etc.

Alot of real estate investors only see the statistics which only the northern part of the city is accounting for :) The northern part is the portion that is causing those particular statistics while the south county/south city is doing extremely well.

Thankfully, the types of debt that cause you to not be able to borrow are also typically your high interest debts, so paying those off help on both fronts.

Mold is caused by moisture and lack of ventilation so yeah thats the deal killer for me personally.