If you are negligent, grossly negligent, you better have insurance, if you unitentionaly mess up and violate law, it won't matter how many fronts you build, you will be personally responsible as a small RE investor.....

Well, they can, but in a court of law, you would have a great argument that they were notified and chose not to.

All states got different real estate laws and a guru will sell you programs that probably won't fly in your state.

Note: make sure that this is consistent with your local/state law as there may be additional requirements and/or differences.

Owner is very desperate he had no job and lived on properties money last 4 years but forgot to pay taxes now he get one's comeuppance.Ohio law shows 18% for the tax lien holder and foreclosure until 6 years after lien release, first tax lien was 2009, then 2010 and 2011 so three tax liens actual with same holder.

That gives you a stronger claim on the property than just a lease, and may (depending on your laws) force the landlord/seller to foreclose if you don't pay.

My disclaimer.....I don't know anything about the BC market, laws or lending issues in your neck of the woods!

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

Contract law is subject to varying default rules depending on the body of law that governs the contract.

Look for a state with good taxes and landlord laws.