If you want to be an RE investor, it's absolutely not necessary...though it couldn't hurt to have.2.

There is absolutely no need to pay the typical $thousands of dollars to buy one.If you end up buying one, or better yet, taking one over, you will want to join a reputable club that facilities trades from one location to another, so you don't end up staying at the same place each time.

The property shall also include the following items: _____________________________________________________________________________________________________________________________________________________________________________________________(18)TITLE:The Landlord/Seller shall convey marketable title to the property with the above described inclusions, by good and sufficient General Warranty Deed in fee simple absolute, on or before closing: said title to be free, clear, and unencumbered except existing mortgages, restrictions and easements of record as shown in paragraph (9) of this agreement.

Yeah Justin absolutely, we have no capital gains tax here so that's a plus.

I see avoiding vacancy as one of the absolute highest priorities and buying in nicer areas of town that doesn't have as high of a rent to purchase ratio is unfortunately necessary.

You really have an absolute perfect background to be an investor.

I think if this situation happened to me, I would be asking him to check into storing his stuff at a storage facility - unless it poses absolutely no problem or interference to the incoming tenant.The question you have to ask is - Why is his stuff your problem?

Absolutely!

But yes absolutely there a some diamonds in the rough here.I would love to discuss the Lawrence market with you further if your interested in this area.

Lots of folks do transfer to LLCs after getting the loan, but that absolutely does violate the DOS clause.