The seller went to church with my sister-in-law.

Paid the last 10% (I think, have not looked at any of the docs before this reply) when the apartment was ready.Rules / laws - it changed back in 2016-2017 (?)

Might still be worth a call to a RE lawyer just to be sure there are no laws that override your lease clause.

I attended a NARPM conference this week, and there was a brief mention of a rider that can be added to landlords comp policy that, in the event of a loss, if the city code people require you to upgrade, for example, y...

These authers are teaching you how to break the law.

As is too often the case, most investors only look at the ca$h involved today, not the real, long-term, value of a given product or service.When talking about "Buyer's Agent" and "Seller's Agent", the key word is "Agent"...as in the laws of agency and how they apply in your state, and in your transaction.In MOST states, ALL agents in a transaction are working for the Seller, absent any written Buyer's Agency Agreement.

If that's the case, it isn't relevant to the new landlords on this forum, unless they are starting with hundreds of units.Wait a sec, Mike...I hate to use logic in a debate, but...You said in an earlier post that the more units owned, the *more* likely the trends would be towards the average.Above you say that the more units owned, the *less* likely the trends would be towards the average.Yes, I realize you were speaking of two different phenomena (law of large numbers vs economies of scale), but you can't argue both sides in the same argument, which you clearly are.So, which is it?

Assuming that maintenance and repairs will cost 20% of gross rents (I believe this number to be way north of what it will actually cost) we arrive at $1,015 for maintenance and repairs.I will also have an extra $2,000 in a revolving CD ladder as a slush fund to fix whatever Murphy's Law throws at me.So:Gross rents: $5,076Taxes: $701Insurance: $766Debt service: $2520Maintenance and repairs: $1,015Cash Flow: $74I realize this will be basically a wash as far as cash flow for the first year, but I think I have all my bases covered as far as projecting what expenses will be.

A member that finds a buyer or a seller for his company is not in violation of law.

There is no law that says that your brain has to shut down when you graduate.