It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

If you do other types of investing (wholesale, creative financing, etc), I am still curious to hear what your ideal customer is for your strategy.Thanks.

He kept the deposit but lost the other income from the other months.I suspect there is a way to make a claim against the estate in both these cases but i don't really know.  

@John Paul Whaley Yes, investment property loans carry a higher interest rate than a primary residence.No you can't claim it's a primary, live there for a couple months, and then rent it out.

Then it has an owner statement that the rights given to the owner by the agreement are cumulative in addition to VA laws current or future any statement or promise won't be binding unless if it is in writing.one other part is default stating any violation will give the right to evict the tenant and take possession of the residence(same process as VA law)they stated they will take legal action, did claim rights on this agreement are cumulative to the law however VA 225-55.01 does state you can opt out however and you have to expressively opt out of VRLTAIm not starting off the lease by stating to take legal action if rent is not paid and stating the rights of this agreement are cumulative in addition to the law. it is contradicting by saying any breach or violation of the contract in the default section will give her the right to terminate the contract evict and regain possession(does not specify any time frame) To me this is not clearly expressively opting out of VRLTA because she still has those rights under that act by following the VRLTA process.

If so, call the title company and make a claim on your title insurance. 

Landlords that have no regard for other landlords use cash for keys to save money.Evict and file to collect in small claims court if necessary.

A lis pendens is constructive notice that a lawsuit has been filed concerning the title to the property or a claimed ownership interest in it. 

The larger the loan, the more ad hoc/customized pricing you get, but it varies by lender.Originally posted by @Steven W.: Am I overlooking any major differences between SFH and commercial multifamily other than "everything costs more"?

Both of our names will be in the title so I'm wondering who will claim the rental income/expense or if we sell it later on who will report the sale in the tax return?