Before the new tighter lending policies, we would hold properties until they acquired a 50% equity, then use the equity as security on the 20% down and finance 100% on the purchase of anew property.

However, my policy is that I won't offer a financing solution if closer than about two weeks because there's so much work to do in a compressed time period.If a tighter time crunch involved, I've got dozens of ways and plays to approach and sell based on being in a "salvage mode."

I am closing a deal this Friday and the sellers settlement attorneys have issued me a Gramm-Leach-Bliley Act notice stating the following "In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Investors Title Insurance Company and (Firms name), Attorneys at Law."

Make sure you buy a policy that handles vacancy as most regular policies will start to have issues after 60 days.

I will probably add something to the lease that they have to sign off on in regards to acknowledging the safety of the baseboard heaters.

If someone slips and falls, is the lawsuit covered by a liability umbrella policy not shown here?

the lease states no parking comes with the rental, but I have issued separate written 'policy' stating one vehicle, no maintenance, etc.

I.e. fire, life, safety requirements etc.Good luck!

I agree about the safety part.

They came up with insuring the property (land) itself for $150,000 for about $200/yr (I see most people pay around $800 per year) And that this did not include liability insurance, however since I had a 1M personal umbrella policy that this covered up to 5 rental units as well.