Your scenarios should be based on the confidence of your projections (in statistics, it is based on the # of standard deviations from the norm based on the type of distribution for your data).

Odds are you will have a couple bad apples but learn from your mistakes and strengthen your standards.

As an agent I have found that different municipalities have wildly different standards when it comes to public information regarding a property.  

Hi All - If we're filling out a standard purchase and sales agreement for a cash deal, how would we include the paymeant of back taxes on the contract if this is part of the deal.

They set it up to be the equivalent of 135 hours, which the BRE determines is the standard to sit for the licensing exam.

The next property was a year later with the same financing setup but at the higher rate as a pure investment. 2010 was my next duplex purchase, this time with 20% down as lending standards tightened.

Non-recourse does have standard carve outs for fraud and taking the money and not paying the lender etc.What generally happens with my smaller clients is they partner up for a larger property to get better loan terms and non-recourse.   

Lot's of subpar people out there not up to my work ethic or standard.

If you want better tenants on average, I think it's easier to just set higher qualifying standards and take the first applicant that meets those standards.

There is a standard NC rental contract out there but you might need to be a member of the Realtor association to use it.