Ben,You are not alone buddy!

A lot of my buddies are tradesmen so they have enough money that banks will lend them cash to buy condos.

A broker buddy of mine would submit my bids for 1% commission, but on this one he wanted me to get it so I would have access to some MUD records as he had some legal issues with them.I used his formual and won the deal by about $1.65 (yes, that's ONE DOLLAR and SIXTY FIVE cents!).

My buddy has no liquid assets but can hustle and has lots of contacts in our area.

A buddy of mine told me to short it when it hit like 130 and of course I did not .. would have made a nice hit there.And then the fact remains parts of the country just are not liquid have never been liquid and will never be.. those are the really high rent to price ratio markets of the mid west and upper rust belt...

He was living in the house with a buddy and about a year or so ago he did a rehab that converted a 3/1.5 to a 6 BR/6BA. 

So, you're going to hang your buddies and bug out.

Maybe what you do is put a little cabal together of your buddies were you guys cobble 100k or so together and try one.

I wouldn't do a new contract of everything, just kind of an add-on/new addition saying "as the main tenants you here by accept liability for this guest____, his animals, and any and all legal issues that could arise from your allowance of said guests". if you really want to you could make them do a new lease depending the laws in your area and include him but I personally understand helping a buddy of family member out and want to make my tenant happy any way I can.

She said to “avoid like the plague” the very person she’s suing in a public, searchable domain.No lawyer would recommend this and that was all I was trying to say buddy.