Thus, in my opinion the main reason to buy is for the CF, but there are others:RE is the only investment vehicle I know of that benefits from Leverage, meaning that we can control $100,000 with a down-payment of $30,000, or $20,000, or $5,000, or even $0 if we are very creative (welcome to my life :).RE is an inefficient market, meaning that we can negotiate deals that are infinitely better than the market-established value.

I'm just having a difficult time finding the hard and private money in order to establish real estate investing.

Do you care about establishing a credible business?

It just costs legal fees.I have an LLC where I was raising angel investor money and ran into a few folks who wanted to change it to an S-Corp because case law is more established in terms of payouts and equity/ownership.

Your post suggests that your rental property will cash flow even when the numbers say it won't, because:[x] You think cash flow is anything left over after the mortgage payment[ ] Your market is different[x] You expect costs to be lower than established estimates from experienced investors[ ] Your seller/realtor/wholesaler/mother/dentist said it was a good deal[ ] You are banking on appreciation/tax benefits/accidental rent overpayment/lottery[ ] You are planning on making a large down payment[ ] You are willing to take a loss now for tenant-subsidized mortgage paydown[ ] You learned a new technique and it only cost you $2k to learn from guru #593557You are wrong.

I assume without question, the smart answer is to establish a legal entity in which to buy property to afford a level of protection.

Here's the source for Ohio's law on this subject:Abandonment of Dwelling Unit by Tenant (Section 375.10).The ordinance establishes standards and procedure for determining whether a tenant has abandoned a dwelling unit.

It's also been well established in lending that Asian borrowers tend to live on much less than us fat, must have it now type Americans, savings is generally higher, just saying, don't apply your personal expectations as to your life style on others, stay neutral and see what their life style is through general conversation.I'm not trying to push you toward accepting these folks but skimming the top with ratios and assumptions may lead to losing very good tenants.Those pets probably won't cost a hundred bucks, my two monster dogs were only a hundred bucks.Again, how long is this situation reasonably expected to exist of relying only on the royalty income?

At that point it seems like it would be sold or terminated and if terminated my problem as a lender has been cured.The Option Price paid is also a consideration as to any interest established and the terms of returning any funds in the event the conditions were not kept.I'll yield to thers for the forum discussion.

But I thought it would be a good idea to establish a baseline for FMR criteria for apartments in my area needed for section 8 Housing.Example, do I need stainless steel appliances?