That is absolutely correct, which is why it is imperative to not only have proper contracts and disclosures, but to make proper financial choices to use this strategy only when the numbers work.

The property management left it to the tenant to handle everything, and refused to notify the property owner.Unless handled properly, water can continue to cause damage for weeks that can lead to very costly remodeling and remediation repairs.

The only wild card here is that banks often act erratically and work against their own best interest.Good Luck,Mike

He also asks for their credit card information, banking info, a lot of information that I was like WOW...

I'm not commenting on Florida law, but in general you can enter the property after giving proper notice.

Please into yourself in the proper thread and tell us about yourself and your background/RE experience so we know where you are coming from.

I also wonder if the next crisis want come in the credit card markets.

I love SDCIA if you're in San Diego proper.

This could be cash; a line of credit; or a credit card, etc.

Exit strategies are important, but so is the entrance strategy and proper use of leverage.