My biggest concern was not wanting to be stuck in a single place, so I started looking into the possibility of renting the condo out once we moved, and after talking it over with my wife, we decided to put an offer in and get a place before we get gentrified out of our neighborhood and then keep it when we move and start building our own wealth.As it stands right now, I'm not an investor (yet) while we wait for the bank's reply on our SS offer, but one way or another we're doing this to eventually get out of our day jobs.

I am less concerned with "making" money on this property and more concerned with not losing money if that makes sense.

My question for everyone:IF you loved the information in those forms and felt that they covered your land lording concerns, would you be adamant  on using those forms and pay for a lawyer to review and make sure they are legal per state guidelines?

I am purchasing the property for cash, so I am not concerned about my end. 

Might not a seller be concerned with a title company called Investors First?

Remember in Real Estate "Everything" is negotiable.My quick concerns are these. $50K for a rehab on a $1.2 million home? 

I don't concern myself with the late fees at that time, they can be collected at a later date or the end within the security deposit.  

Be honest with him/her in that you're concerned that you have underestimated the repairs of the property.    

If you would like to reach out and discuss your concerns or interests and goals, please don't hesitate to reach out.  

Additionally, while a precipitous fall in oil prices has had a negative impact on “oil patch” locations, it has effectively increased the spending power of the American consumer.While there are still concerns regarding the overall health of the economy, the current real estate lending environment remains active and strong as a whole.