I would like to hear from my fellow New Yorkers so we can compare notes and follow the laws and trends effecting our investments.

Though, I'm considering giving this deal to an investor if I can get the price down low enough.The place is a complete mess, the garage is used as a bedroom, paint colors are neon colors, countertop tiles are black, everything is outdated by @ least 10-15 yrs, but no structural damages.

I heard something to the effect of approx 5% for OR, or specifically the Portland area, although may be Eric Foster can help me out on this one it may be higher or lower given recent market circumstances in the US.

I’ve dealt with one bad tenant that did some dumb things like set an iron on new carpet in a bedroom, stained several spots in the living room, broke the lease and left early, etc… ended up keeping her security deposit so the damages were sort of evened out.

Effectively, an IRA is a "non profit trust" like a museum or University.

Tenant shall keep in effect for the term of this lease a policy of liability insurance covering Tenant and Landlord against any liability arising out of any injury on or about the premises...OPTION AGREEMENT:CONTRACT FOR OPTION.

If you are required to give any personal notice then make a new lease to the person behind the door.Having two individuals who are not married can present problems as to who can be made to pay for damages, it may be equally between them, not good, or it could be either one being fully liable, taht will come down to state law and local custom to how a judge thinks.I have had many college students and this is commonly arranged in this area.

They will not accept less than a few points off of what they feel the property is worth minus additional costs for closing, commissions, potential taxes, damages to the property, etc.What you want is to "buy short" or buy into a home that has plenty of equity.

Both these changes were extremely damaging.

Yes, I changed my business model based on SAFE Act legislation and it's ripple effects on my state's foreclosure laws (and documentation, workout requirements, etc.)