Violation incurs not only penalties under the Property Code (return of all payments made by the buyer including monthly payments) but potential liability under the dreaded Deceptive Trade Practices – Consumer Protection Act (“DTPA”) which can involve treble damages plus attorney’s fees. 

I would add that with the wealth of information on the web, you can practice just about everything, up to the point of going through with the purchase.Pick a market, and start farming it remotely.

If they did...they would put at risk their license to practice their profession, which is considerably more valuable than that property.

Seems like there would be a niche for some RMLO to make a practice of facilitating seller carry backs..

If practical for you, offer them a monthly lease.

If your governing documents make the association's insurance the primary then your individual homeowners insurance is going to pass you off to them and in which case, you would be responsible for the association's deductible.Sometimes governing documents are vague but this is pretty standard practice across the nation and this industry.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

The insurance companies call us back and typically reply on a timely basis since most states have statutes regarding unfair claim settlement practices. 

I will talk first about short term factors and then long term factors.Short Term Profitability We are able to consistently find properties which generate between 4% and 8% (assuming 20% down conventional financing) using the formula below.

I'm just wondering if it's normal practice to include tenants are responsible for maintenance up to a certain dollar amount like $100?