Without that, if it is simply a verbal agreement, you may have difficulty getting a 3rd party (collection agency) to pursue it, or to get a court judgment in your favor.

At some point, especially if you scale, there will be a higher and better use of your time, or you will find out you can't stand managing, or your rentals may not be in your backyard anymore if you choose to invest out of area.

They write stand alone umbrellas and some companies like Safeco (offered by independant agents) will write the umbrella and they only need your auto insured with them.

If you used a standard realtor board contract, it usually spells out the limits of damages if the parties don't perform.

Do you take the property back or sell the non-performing lein to a 3rd party?

I imagine that I can pretty much get a vibe about an older, established subdivision, but if I wanted to buy new or recently-built, let's face it, many of the big builders don't put out a great product and sometimes don't stand behind their work.

hey guys,I am getting ready to do a double closing on a SF home that will be a cash deal for both parties involved.I had a lady contact me to find her a specific property she wanted at a specific price so I went out and located one that fit her requirements.

@Will Barnard Haha yes you are correct, 25k buys you a fruit stand out here in Orange County if you're lucky.

House was a full gut for the most part. I

Very sly, I hope the government doesn't try to close that loophole.One of the few advantages of having a Congress full of millionaires is their long term goals are very safely in line with mine regardless of party affiliation. ;-)