Exclusions and COVERAGE C MEDICAL PAYMENTS, 2.Exclusions:“Bodily injury”, “property damage”, or medical expenses for which any insured may be held liable arising fromor in any way connected with any “dangerous dog” owned or under the control of any:1.

States dictate that deposits must be returned in full - or notice given as to how the deposit was used (past tense - you have to do all the repairs and have receipts ready to share with the tenant) before a certain date or the landlord may be held liable for up to three times damages, which equals three times the deposit.This prevents landlords from keeping the deposit forever, but it can also come back to bite you if you don't know the laws.I agree with @Dan Mackin , take all the documentation you can and be very organized about it.

But I don't want to be held liable if someone steps on a nail or falls and breaks a leg.   

unbolt it from the floor or use a multitool with a good metal cutting blade to cut the bolts. sawzaw with metal cutting blade might do the trick too.

Hi All,I wanted to lay out a deal I am looking at and get others opinions on quality of the deal and of options to finance considering the assumed mortgage.Asking Price: $1,425,000Mtg to be assumed: $720,000; 4.68%; 5 yrs remaining on 10 yr term; $140,000 payout penalty (which is why seller wants mortgage to be assumed)2014 Revenue: $119,926Expenses: $78,294 ($37,593 in repairs/maintenance)NOI: $41,6322015 Revenue: $129,727Expenses: $127,815 ($83,181 in repairs/maintenance)NOI: $1,9122014/2015 maintenance and expenses are inflated due to renovations (windows, metal roof, flooring in common area, some upgrades to suites)I am very new to buying buildings and have only been the money partner in the past.  

Have a partner so I am held accountable. 

Average equity sitting in homes is very high compared to before the crash.My main concern is how much consumer debt is now held in Student loans which cannot be cleared with bankruptcy. 

Approx 16 months total time held.

@Charlie MacPherson Wholesalers are generally untrustworthy and I totally agree that they should be held to the same standards as agents.

I normally sell FSBO so I may try that for a week or 2, but this is a regular rental I've held a few years.