Not sure what would have happened had the city not taken responsibility for it, but maybe prepare yourself for an escrow or talk to the neighbors to find out how they handle it.

Especially in the beginning of your investing career, you need to be prepared to work HARD.Best of luck to you, Tinna!

Being the best prepared and informed will help to make your real estate ventures easier and more profitable.

*Rentals fluctuate, so be prepared for the best and worst.

You need to be in position to be able to take advantage of the opportunity or it really means nothing (to *you* - it means alot to someone who is prepared to take advantage and exploit the opportunity).

In the mid 2000's, my wife and I accidentally got into real estate investing and flipped four properties before out lack of real preparation and the bursting of the housing bubble did us in.We've spent the last seven years recovering from that.

If my offer is accepted on Friday I generally have until next Friday to get the money to them because of this and I usually would have the property sold off over the weekend so I have the funds from my buyer ready to send them.If you are prepared you can do it but it takes having all your ducks in a row and being ready to have an offer accepted.I hope this helps and good luck :)

It is a retirement plan, at least part of it, and a light has been shed showing, (see below) that this is not enough to retire on, and still have the same standard of living that we enjoy now, albeit a modest one.To prepare for the sale of the house, it was going to take a long time to accomplish working full time.

It seems that you prepared a lease, the tenant reviewed and accepted (signed?)

I recommend you start with the Real Estate Guides here: http://www.biggerpockets.com/rei/ Also, I would recommend (not just to you, but anyone new to REI) reading the text that brokers use in your state when preparing for real estate exams, so you can understand "quite [SIC] claim deeds" and other real estate fundamentals.