(D)That the Tenant/Buyer is hereby notified to obtain renter's insurance to cover loss on his/her personal belongings located in the "premises" or on the grounds where"premises" is situated.6)COVENANTS OF LANDLORD/SELLER: The landlord/seller hereby covenants and agrees as follows:(A)That the Tenant/Buyer shall peaceably and quietly hold, occupy, use and enjoy the property, without any let, hindrance or molestation by Landlord/Seller or any person associated therewith.7)BREACH BY TENANT/BUYER: If the buyer shall fail to keep and perform any of the covenants, agreements, or provisions of this Lease/Option, or if the Tenant/Buyer shall ever abandon or vacate the property, it shall be lawful for the Landlord/Seller to enter into saidproperty and again have, repossess, and enjoy the same as if the Lease/Option had not been made, and thereupon this Lease/Option and everything herein contained on the part of the Landlord/Seller, to be done and performed shall cease, determine and be utterly void, except as set forth in paragraph (8), below.

for a 150k duplex the monthly mortgage payment could be around $1200.....depending on credit, taxes etc........What monthly expenses are associated with this property?

However, lenders may have other more specific requirements such as surveys, improvement location certificates, or termite certificates.

Yes, you'll have business expenses associated with the license, however, the power you receive in return is worth more value.

If you are looking into rentals definitely check out the Northern Worcester County Landlord Association (NWCLA) in Fitchburg.  

The new financing is 6 months interest only @ 5.5%Question 1: What are the risks associated with this plan?

Each "club/association" is going to be different due to the different members.

There was a property that was sold at a foreclosure auction in the county we invest in based on the judgement on the property from the homeowner's association.  

Chris, that is a big project- Commercial properties like that can be expensive in what they want you to have in reserves, net worth, costs associated w/ closing. 

I don't know if a PM comes into the email address that is associated with my account or not.