I will be managing the property and have done a deep dive in all things real estate - screening, leases, Oregon tenant laws, etc.

I would add research your state's creditor protection laws and think about keeping an open ended line of credit if you need to deploy capital later

Otherwise, I’m ignorant of other state laws.

While R/E investing is about the same nationally the laws are different in each and every state.

Thanks in advance.The laws regarding real estate transactions are often state specific.  

I wonder if rent control laws will be easing anytime soon in this city - other than capping rent prices, I don't think they do anything to help improve the quality of rentals.

It depends on your local laws.

@Robert Lum  you bet you can troll around a site like BP read their books listen to the pod cast of those that are successful and talk about their business's.. its inspiring and motivational.but if you really want to learn the nuts and bolts you need to get in the game.the best and least expensive way to do that is to simply take a pre license course in your state.. learn the laws ( the real laws not the BS that is talk about on line).. terminology etc. then go to work with a brokerage in the aspect of Real estate that interest  you.. there you will get REAL training by those that are successful you get on a team.. you get paid as you learn.

A purchase agreement is a waste of time and energy and complicates the issue for Harry Homeowner.This is not a beginner strategy as there are federal laws concerning approaching debtors who have been given a notice of foreclosure.

Hey, BiggerPockets community I am curious about landlord-tenant laws in Seattle when it comes to giving a tenant notice to sell a home as a landlord.