Even if it is legal you need to set it so the renter doesn’t fail and has a fighting chance to get things straightened and caught up .

You would always rather have another month of vacancy than move in cruddy tenants who are more likely to be problematic, and then you have to fight to get them out.I would try to be as up front with all of these things as possible, both in the ad and in the phone screen, before meeting them and taking applications.

I was very passive in the deal until I finally woke up and had to fight just to sell my equity.

Even though the law says that in your state, fighting over $700 or even $1100 is probably a lost cause simply because of lawyer fees.

If you've done the diligence and feel comfortable with the market, have a capable apartment management company that you trust and has a track record, and have stress tested it, then yes.

Or, possibly one in a better location.Of course, I am fighting the temptation of buying a few of those $20,000 row houses but the neighborhoods and city permit/construction cost worry me.

However you might be involved in the transaction don't look to do ALL of the work, find ways to split the work to increase the volume capabilities.

Continue to put yourself in a position where you are financially capable to qualify for a loan that fits your house hacking desires.

Once we had it under contract, we realized that it was going to be very tough to wholesale this property because there was a squatter occupying the house and none of our buyers were interested in buying anything like that.Because of the price we had the house for, we decided to take a risk and by the house ourselves with the squatter in the property.As it turned out, once we bought the house, the squatter voluntarily left the property.Now, this could have easily gone the other way and we could have been stuck fighting to get this squatter out for months.

Does the answer change if the insurance company fights the claim and wins?