(b) A late fee under this section may include an initial fee and a daily fee for each day the rent continues to remain unpaid.

I like your initiative but I think you're expecting a little much from the seller.

Nothing happens until you verify that it is a good deal and that you can finance the majority of the purchase price.Next, call around about financing.

His initial investment was 1M.

Initially listed for 135k, now at 89.9k.

If a tenant has a complaint after they move in with something that was acceptable during their initial walkthrough, it's not going to be fixed/replaced.

Whether the wording is enforceable or not, most bank will not honor a conditional endorsement and you need to have a special arrangement where you verify the endorsement before the item is paid.I believe Beneficial finance or maybe Houselhold used this idea at one time (maybe mid 1990's) where they sent out $5,000-$10,000 checks and people that cashed them had an instant second mortgage, maybe it was unsecured, but the homeowners believed it was secured by their Real property.

It does need some up front maintenance, primarily the roof which I would do initially but any interior maintenance would be performed as their lease expires.

If you anticipate the things renters don't like, and address them during their initial visit, you have better chances to renting the place out.PS try posting on hotpads.com (free) and zillow.com ($9.95 for 6 mo).

If not maybe hiring a company that can speak spanish will improve oocupancy.Here a new landlord requirement is e-verify to make sure they are legal.Most concerns with hispanics is if they are illegal they worry about being caught and deported.What are the immigration laws for the area??