Definately feel that way about realtor.com...

It's supposed to be all defined upfront in the contract,  so there's no possibility of something like this happening .  

Thanks for the link Mark I definently check that. 

Some arguments around how to define "total loss".  

@John Thedford here in riverside there is a wide range depending on the neighborhood your in...we like the wood streets area close to the plaza...they are older homes that have a lot of character. a typical 3 bedroom 1-2 bath 1300-1500sq ft home is 360-400k depending on how nice it is. alot of people in this area have converted detached garages into small back houses that rent for 800-900 a month all day long. we just closed on a one with a back house that has a upgraded kitchen and is real nice for 320k....it was a short sale that i got a inside tip on. 

I define a good tenant as someone who: Pays all of the rent on scheduleTakes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for multiple yearsGood tenants are not the norm.

I would also make sure you define what stays behind after they leave.  

The original gangster.The defining decade.

The reason I say dont take on a major reno for your first project is are you knowledgable enough to negotiate with a GC, write a contract and scope of work and define what it is you want?

I'm not sure how they thought it was wise to have a 4 billion character title, but whatever:What Every Real Estate Investor Needs to Know About Cash Flow...