She also said that her two years old child is constantly inhaling smoke coming from the second floor, and she is afraid the Pitt bull may harm her child as it is sometimes let loose in the stairs and the back yard.The mother of the 2nd floor tenant is a nice lady, I have met her once while I was there with the house inspector.

The benefit I seem to have learned by talking to various contractors including my boss, is that with the license, you can have less difficulty pulling permits, potential lenders could feel safer lending to a licensed contractor, and you can have less liability if someone were to get hurt due to what you've renovated.

Liens are an indicator of financial difficulty.

The difficulty of this totally depends on where you are located.

I am having difficulty understanding a few of concepts in the book.

Continue to have difficulty with this, i'm mostly looking for something near a one-stop solution for loans, rather than the patchwork that has worked so far with local, small commercial lenders (All seem to want to highly limit the number of properties/loans to a individual, even if they don't sell said loans.)I've had great luck buying cheaper houses ($20k-$40k) and putting $5k-$10k into them and then renting them out.

Challenging for sure, at this point I'm just trying to figure out all the costs involved in this type of transaction in order to build a financial model to see if I can find deals that make sense.I'm going to be living in France for at least another year but have plans to move back to the US after that so I was thinking of flipping rather than buy and hold, but if flipping turns out to be too difficult I may look into buy and hold.I'll be sending you a DM, thanks again!

Of course, these fine distinctions are unknown to tenants, so the flip side is operate under Innskeeper rules at the outset unless challenged:http://www.shumakerwilliams.com/overstaying-their-welcome-the-difficulty-evicting-long-term-guests/

Screening out these guests is difficult. I

You would be farther ahead wholesaling the property but you will likely have difficulty finding a investor.