That's just wrong. 

Even if I'm wrong about that, in Virginia, you are able to collect tax sale overages, meaning that if the property is auctioned off for more than what is owed in taxes, fees, etc., the owner is entitled to the surplus after the auction. 

Face it, you're down the wrong trail and have been voted off the island.EVERYTHING in mortgage lending has to be honest, without manipulation and disclosed to every party.

I see nothing wrong with this part as there is nothing wrong with adding to the contract that he remediate any issues arising from the rehab for one year.The renting to him can be a separate issue and I see you have plenty of opinions about being careful about this already.

That is absolutley wrong info, and if you intend to finance your properties, lenders won't allow title to be in the name of an entity.

Donald Cressey is The Fraud Triangle: 1- A perceived unshareable financial need. 2- Perceived opportunity. 3- Rationalization.Financial pressures change in life, medical care for aging parents, a family member becomes ill, college costs, mid-life crisis, substance addictions and gambling, jealousy/feeling "owed" or wronged, social pressures to "get ahead"...The biggest losses are always where there are no checks & balances, no separation of duties, no policies and procedures in place. 

Don't get me wrong, i know about real estate and the process of a buy and sell agreement on the retail side of the industry while working with realtors and clients all day every day (literally) but i am now making the decision to make the move on this side of the industry that I've been wanting to do since listening to Lance Wakefield's episode #236 which lit a fire in me.

Just plan for stuff to go wrong.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Hi EveryoneNewbie Investor From South Africa.I have been looking for investment properties in Pretoria East and have not found any with a positive cash flow.Am i doing something wrong?