I agree that most of my RISK will likely come from the RE investments, but most of the assets I'm trying to protect are actually non-RE, as I don't own very many rental properties yet :-(

In my opinion, that borders very heavily on violating fair housing laws because sex is a protected class.

Only thing to note there (and it's pretty obvious)...if you do get a buyer early and allow him/her to choose finishes, make sure you're protected in at least one of two ways: 1.

This woman is also on public assistance which is what she will use pay her portion of the rent plus she has food stamps.

Is this all I need to set up a contract with my future tenant to protect myself or are there other forms?

@Melvin Yuen is right about rent control in Oakland, in addition to SF and Berkeley - in addition to all sort of other tenant protections such as 'just cause' eviction protections and other tenant rights.

I went to public auctions and he taught me the basic fundamentals of the business.My question is.

I've bookmarked this for a while now, but I haven't sorted through it in its entirety.http://www.cityofchicago.org/dam/city/depts/zlup/Administrative_Reviews_and_Approvals/Publications/Zoning_Amendment_Application_5-16-11.pdfFrom a quick glance, the application fee was $1000 just to apply.

I would make sure to protect your license (based upon taking the proper actions) before everything else.

Title insurance is a policy that you purchase, you are named as the insured, and it protects you in the event that the title company missed a lien on their search or if something else comes up later (such as a forged deed, etc).