Prepayment penalties- usually 1-5 year terms.

Everything else after this is usually virtual.Here is a general outline of what you don't want.

So you walk away with 25% equity/75% debt split on a property where the mortgage is being paid by a renter and there's a few hundred per month extra for your pocket.You now get to repeat the process again, it is called "rinse and repeat". 

(2) While it's usually recommended to own a property and treat it as an investment for at least 24 months before doing a 1031 exchange, this isn't a hard and fast rule. 

is mostly a nothingburger b/c of all the extra 'stuff' you have to put in, to make that office space into residential. 

It's usually only a couple of dollars and if they will do it, get coverage for a year worth of lost rent.You should be thankful that they offered it. 

But then most of us usually do 1031 exchange long before that. 

First, I find that, usually, profits on a property increase with time. 

Most listing agents train their clients to avoid FHA offers because of the extras that come with. 

There is obviously a formal lease, and we also supplement with a room mate agreement which outlines the more specific things like overnight guests and expectations in dispute resolutions/ cleaning/ care for the home and appliances, etc.I haven't received one formal "LL request" email yet, other than a formal 30 day notice in the event of a move out, which is usually after they've come talked to me in person about it to begin with. if there's an issue, it tends to be pretty limited to "hey, we have this shower rod falling off"... which im usually here to deal with (and tbh most of the time they like to fix it up with me), and it doesnt need to turn into a big thing. as for keys, i have the house on a yale smart lock, so 'handing over keys' is just official move out, walkthrough of the room for damages, and then I can delete their access code and access to the smart home systems without having to re-key the house.