Those are valid concerns, @Dennis Treacy.

You as the landlord and property manager set the tone of the attitude.You may have a more serious problem than you realize.One important added consideration, as a rule of thumb, real estate has an implied warranty of “Quiet Enjoyment”.

I think that we're all susceptible to that kind of thinking, on occasion.If you're looking for people to validate the 'real estate investing is dead' premise, you've come to the wrong church.

Now that's a BAD taste...So in short, file when you have to, make sure you have sent proper communications and made valid attempts to collect, but don't stress yourself out, its business and you must treat it as such.

You must turn in the contract within 48 hours to the title company, or it is no longer a valid contract.

Marie Poe the home is in good shape in a good neighborhood A couple of the walls may need sheet rock up dating because of a crack in it I have a copy of the homeowners lifetime warranty for foundation work but no visible foundation needed except those 2 small cracks I mentioned...my thought about owner finance was not for the seller/ homeowner to finance to the buyer.

I did that prior to entering into this agreement, and never really questioned the validity of it until I posted, and received a response that urged me to seek some clarification.The only thing I would point out, is that my original post wasn't seeking legal opinions or advice from the forum.

However, if you were to write explaining in detail how if they don't get a property manager, how you have successfully done this so we can learn, that can be extremely beneficial to all of us, even myself who is a huge pro-manager investor for many extremely valid reasons.Lisa

You make some valid points.

A legal entity such as a LLC is only valid to the extent it is managed especially contractually.