Cat odor is the absolute worst to get rid of. 

The good point about IUL is the worst you can get one year is 0.

Whether you're buying or selling or assigning its important you don't make mistakes and miss important red flags. 

Didn't get an inspection report, big mistake, a lot to renovate.

An attorney who practices in this area can advise, you don't have to have a high net worth for it to be worthwhile (or to potentially make a serious mistake). 

Whats the worst case? 

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

As long as you buy a property in a "good" location, all but the worst mistakes will be corrected over time through appreciation and rent increases.

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

It is not the norm for matters to go to court, but in case the worst happens, you will want to have as much documentation as possible to make sure things go smoothly.Keep and Provide ReceiptsAlong with documentation of exchanges, keeping receipts and providing receipts to your tenant is a good practice.