Landlords cannot charge tenants an application fee in Massachusetts, and I am thinking it is easy enough to confirm the recency and authenticity of the report provided.

I always do this first and then if I've got a good deal I ask a realtor friend to confirm my numbers. 

And yes, I've confirmed it's a 2 bedroom and it's supposedly paid off.

I thought you were required to provide 48 hours written notice if you wanted to carry out repairs.Someone else just told me that you can only access the premises if they respond to the notice and confirm receipt.I looked up the Florida Statute and found totally different information-"Fla.

@Dev Horn  My rent to own (double wides on their own land) aways get a reservation fee BEFORE its finished.  

In other cases a previous owner reserved the mineral rights so there are none to give. 

We'll have 20k in cash reserves when this boat sets sale so we do have a bit of cushion.

Then have a reserve for repairs and know what you will have to spend immediately to make the condo rentable.

Some PMs will also require you to keep a reserve in your account that is of that same expense amount.

I also have more than enough reserves to comfortably stash 8 months of expenses aside in the event of vacancies.Since my investor is an older gentleman and looking to secure himself some passive income for a while, part of our private mortgage deal was that I can't refinance before 10 years, but also that I must refinance before 15 years.