I love talking about this stuff so much that my kids complain about it constantly, so I thought helping other people understand some of the general contours of the industry from a legal perspective would be a better outlet than lecturing teenagers for a fourth time about what a defeasance is!

Sometimes, the more old-school approach like posting on local community boards can help you find reliable tenants.

But he did take a loss that set his family back quite a bit, caused a lot of stress in his marriage, prevented them from being able to buy the new home his wife wanted with the right number of bedrooms for his kids, set him back years in saving for retirement and buying investment properties that could have made him money instead of losing money, etc.

My career has been centered around helping businesses scale through strategic sales initiatives, but I’m now channeling that same drive into real estate investing to build long-term wealth.My wife and I are in our early 40s, both work full-time, and are raising four amazing kids.

We own a vacation property there and our board is looking to replace our current property manager who is under performing to put it kindly. 

The reality is section 8 tenants are dominated by single mothers with 1 to 5 kids at least that was my experience and when you have kids from babies to teens and everything in between your houses are going to take a beating..

I am on the board of CFRI, the local chapter of the National REIA.

Two parents and 4 kids seems reasonable, but my houses are really tight with more than 8 people milling about. 

If so, are there legal ramifications for the HOA board or voting members? 

I'm 53, married with 2 kids less than 17 years old with debt only from purchases on credit cards and my home.