Obviously, that can be a disaster.Also, there are lots of rules about how to operate an LLC so that it actually protects you from personal liability.  

I remember the EBSI rule by Robert T.

Also I am not ruling out new construction and/or commercial or multi family.

@Harv Yergin IV  I am from Delaware, but I have yet to find a lot of single family / multi-family deals this way, most barely meet the 1% rule,  if that.  

Hi Jonathan,At a quick glance the expenses look a bit light (currently shows about 38%, where a quick rule of thumb is 50%).

I cleaned it up, installed a new heating system, and sold it for about 50% more than I paid for it after holding for a few years. 

Click HERE - then click the MLS numberTERMS: CASH or Land Contract acceptable with 50% downHere is a condo that would make a GREAT RENTAL.

However according to the US Census Bureau in the City of Mishawaka, the owner to tenant ratio is approximately 50/50 here http://www.census.gov/quickfacts/table/PST045215/1...To also break down the numbers in one line, from the Census Bureau link, the City of Mishawaka has a population of 48,261, a total of 24,088 housing units (as of the year 2010) of which roughly 12,044 are rentals with a median gross rent of $714.00.So in summary, in my opinion, this is a strong rental area with stable economic fundamentals to sustain the tenant pool.

For those states that DO require this, the general rule is that a landlord has approximately 2 months to find a replacement. 

I could have misunderstood the 50% rule that Josh and Brandon talk about in one of their very early podcasts.