The speaker talked about ways to minimize the chances of being in a lawsuit brought by prospective tenants.

Yes, I know you can minimize your risk by good screening and yes, everyone believes they are bullet proof, but if you get enough units and do it long enough, it will happen to you.

The gift letter must:• specify the dollar amount of the gift;• specify the date the funds were transferred;• include the donor’s statement that no repayment is expected; and• indicate the donor’s name, address, telephone number, and relationship to the borrower.When a gift from a relative or domestic partner is being pooled with the borrower’s funds tomake up the required minimum cash down payment, the following items must also be included:• A certification from the donor stating that he or she has lived with the borrower for the past 12months and will continue to do so in the new residence.• Documents that demonstrate a history of borrower and donor shared residency.

I am looking for ideas on how to minimize number of return mail when sending out direct mail to the driving for dollars leads.

The house is oriented with minimal windows on the south and west, and lots of glass on the east and north.

So whatever you can do to minimize your exposure would be best IMO.

As Rob K. indicated, a pressure test usually precedes setting of a gas meter, so it would have had to pass with no leaks to get a meter.

You are better off leaning towards a turn-key property, and with proper due diligence will carry very little risk and minimize the amount of time (and stress) involved compared to fixing a distressed property from afar.There are far too many questions left unanswered in your question above, and $7,000 leaves me very suspicious.Good luck!

@Brianna Schmidt - Are there any other indicators you noticed besides new buildings/restaurants that signaled the neighborhood would be on the upswing?

Is it possible to take only a portion of the property out of the SD IRA each year to minimize the tax implications?