So you are def in the right place.I just put in a bid for a 4 plex myself.

Loans, while we want to specify an investment horizon are not so nicely defined.

Secondly, I would become active on BP so you can start learning about different aspects of real estate investing because you are back in school again.

The issue, well one of the many, with Contract for Deeds and alike, is that a failure of payment (just one) can be deemed or defined as a default opposed to a delinquency.

I would pass on this person for the partial rent aspect as well.

Good to read about the MHIC license, the thought on its need was for the business end of it, so there was a business name out there in front of it all, I suppose only for the legal/tax aspect of it.

Your insurance certainly does not cover other people's possessions - for rental properties, that's why tenants have to get renter's insurance.As others have stated, your agreement with the staging company will identify who is responsible.Now, there is another aspect to "who is responsible".

Welcome to BP community @Dean Ouellette  It is a great place to meet new friends and learn about various aspects of real estate and more.

Welcome to BP community @Tim Kindem  It is a great place to meet new friends and learn about various aspects of real estate and more. 

I agree that long term fixed rates is the best aspect of conventional.