Screen Resident Thoroughly:Placing the right residents can be vital to your success as a real estate investor and can help you reduce unexpected vacancies.

And how do you screen for good tenants?

We got the price down to $140,000 – that part was critical, since if we buy it at $160,000, our profit would have been $25,714 & the project is not was worthwhile at that number.Issues: this purchase happened at the height of the pandemic for lenders, in our case, our lender flat out stopped lending money… They suspended our line of credit.

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.

Not counting the screened porches and stand-alone garage.  

You may also want to screen the tenants with pets - questions regarding how they handle their pets.

Property management screened three vendors and Estimate is at 3200.

I am listing a 6 flat that we manage and we have it under contract with a buyer that had a lender lined up. 

The protection you're looking for should come from your tenant screening, not any additional language.

If a deal works with conservative numbers, it'll work even better if the numbers come in better than expected.The 1% rule, 50% rule, etc. are just quick calculations to help you screen properties quickly.