The covenants states: Section 2 Residence Each Owner shall maintain his Residence in good condition and repair and all exterior colors and materials, including the exterior walls, trim, doors and roof, shall be retained as close to the original as is reasonable possible.

I suggest you not get carried away with the recitals of "for and in consideration of ten dollars as well as other good and valuable consideration, the receipt of which is hereby acknowledged being paid in hand, the parties hereto agree and covenant as follows:"A dollar doesn't really cut it in RE, IMO, but ask your attorney.

a small minority get rich in real estate through pure tenacity and luck, vast majority that are able to 'make it big' already has strong foundations (i.e. capital).If you're already gotten as far as med school, the smart thing is to finish it, get a real job, then use the high income to leverage low interest debts for investment.Jumping ship this late in the career game from a high trajectory track to something like real estate with no experience or other foundation is a calamity in the making.

If you look at the deed there is language that will say you take the property subject to all restrictive covenants (or it might simply say restrictions), easements, etc....

I jumped ship and dumped my properties in 2009 and went back to the bar business.

Representations, Warranties, Covenants, and Indemnification. 9.

With a TH, I would also consider that you probably have a HOA to deal with, HOA dues which can vary and the HOA may have rules about who or if you can rent, need to check the covenants and bi-laws.

I must admit I was actually considering jumping ship from Niagara for a bit once I received the package from the city.

I told him that he was the captain of the ship and needed to hold down the fort.

I wonder if those people who have spent thousands on mentor-ship programs were offered the same deal.....All the best