The Tenant/Buyer shall be solely liable for payment for said improvements and shall hold the Landlord/Seller nameless.The law you are referring to applies to traditional rentals, not lease option agreements.

My full time job is in the medical imaging field and I have a 19 year old daughter in college.

Another wholesaler kept refering to properties that they had under contract as hedge funds.. i am new to wholesaling but was trying to get a clear idea of what he was talking about.

I would still keep minimum standards of 600 credit score, no evictions, good references, and clean background check.Any advice, tips, stories from experiences you've had are welcome!!

There are lots of Joint Venture programs out there; Dani Beit with Simply do it and John Majalca with www.texascashflow.com; just do your homework in getting investor references (not the people who work for them like lenders or title companies), check them out if they say they are realtors (check license), google their name, phone and emails (make sure they are not scam reports about them.

Realized it wasn't so complicated, then did more.The key turning point for me was when I learned double entry accounting (Quickbooks) to deal with the business - that was like taking the proverbial Red Pill (from The Matrix, if you don't catch the reference).Along those lines, the only book I've read all the way through is "What Every Real Estate Investor Needs to Know About Cash Flow...

You will have friends and family who will need a realtor and should you decide not to assist with those, you would most certainly refer them to another agent in your office which would benefit the brokerage.

I don't know about tenant/landlord laws in Connecticut, but you may want to take that into account too.The odds of your tenant fighting a small charge for the carpet--slim, but every dealing you have with a tenant builds a public image of you (not to mention speaks to your character).If the carpet is only a year old, then I, personally, would charge them replacement cost... any older than that, and it would be a depreciated replacement cost.The fact that you were going to replace the carpet (though it may speak to the carpets age) wouldn't directly have any influence in my decision to dock the security deposit.

They are busy, so expect some wait for this reference.

It's nice to lend to a friend or use as a solid reference.