Its my understanding that it would be a separate contract spelling out all the different scenarios that need to be covered as owners/landlords, exit options, disputes, etc. 

If the builder is willing keep the project in his name while constructing then indeed when you sell you can execute a 1031 exchange and buy the new property when it is complete or when the value of it is enough to cover your exchange but within the 180 day limit.You just can't take title to the new property until the old property sells in order to complete the exchange.

Either way, I would be looking to have the rent at least cover the mortgage payments, allowing me to save up for my next buy and hold (of course after paying for taxes/insurance/ repairs etc.)

Hi BP. Regarding retired applicants, do you still have to keep with the same qualifications? Do you keep with the 3x income?  I have an applicant that only has social security coming in and said they recently sold the...

I have to work 2.9 full time jobs here in LA just to cover expenses like rent.

They covered a ton of material and it was structured in a way that most universities do.

I recently had a(n inherited) tenant vacate a house, owing more in rent and damages than her deposit will cover.  

We do have a few pieces of plywood and could cover some of the windows - but not all.  

All the tenants are currently on month to month leases and the rent is below fair market and the screening process they went through is very shady and 2 out of 3 tenants do not pay on time.

This whole time I had it covered under my original homeowners insurance.