If I can flip a home using my own hands and tools, and can evaluate people professionally for court and other high stakes matters, I can be a decent landlord.Sell House scenario:House sells for 550K (worst case), 30K to realtors, pay off 295K mortgage = 225K cash in hand.At a 5% return, 225k generates 628 after 33% taxation.$2200 rent - 628 = 1571/mo cost of livingAt a 4% return (worst case?)

Neglecting bedbugs will lead you straight to the court room and you will get smashed.

Slip and fall lawsuits are non-existent in Michigan thanks to our state Supreme Court pretty much banning them.

Without that wording you may not win in rent court and may have to file a breach of lease suit.

At the end of the day, even if he did have a lease to enforce, and was awarded a court judgement; if the tenant never has the money to pay it will never get paid

is due diligence when you go to court house and research the title ,and figure out where the property is and drive to look at it,and what else?

For properties in demolition court...you have to have a way to help those people or else, the property will be demolished before you can even wholesale them.Lastly, for sources that are available to others like HUD and the MLS, you have to have a source of competitive edge.

Thanks..How about court costs to evict a tenant, deductible also?

If that's the case, either party can sell their 1/2 undivided share, but not the other's, at least without cooperation or court order.

IMO hiring an attorney is going to end up costing as much or more than the extra for the windows especially if you end up in court and lose (having to pay the HOA's court fees and perhaps attorney fees as well).