A lot of places up here in WA you must have cause for a lease non-renewal.Check your local laws too, a lot of places require proper notice to be given prior to lease non-renewal.

Listing photos were terrible, tenant vetting was lackadaisical, checks were sent to wrong addresses, tennants weren't properly vetted, charges for "mulch" and landscaping were charged but never physically carried out.

Looking back, I would have started to network, get a proper mentor in the field I enjoy and prioritized investing in rental properties before buying my primary home.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

If you aim to be passive, walk away from BRRR, value add, rehab, deal hunting, etc...

While I understand this may not be the best time for high demand, the lack of inquiries has been unusually low—something I’ve never experienced before.When I searched for similar rentals in the area, I discovered that my listing does not show up properly.

Buyer of note does not do proper due diligence and finds they need something resigned from an owner of the note down the line and think the person they bought it from needs to get that document for them.3.

The big distinguishing factor between Rockwall proper and Royse City is school district.

A seller cannot “cancel” a contract that has been prepared properly unless the buyer breaches its terms.

This is because they didn’t budget properly and rent wasn’t high enough to cover actual expenses (repairs and maintenance, cap ex, vacancy and loss, tenant damage and turnovers, etc don’t expect to have any money left over after all of these expenses are accounted for if the rent is less than $1,500/month).