We are a good fit for our own special skills.

What if a worker fell off the roof last week and is preparing a suit against the land trust?

It was my textbook as I prepared and executed the flip.

Another issue is zoning as a special use permit may be required, having special needs or more than 3 unrelated tenants is sometimes an issue.You may also be subject to inspections and ADA requirements, hard surface floors wider doors, etc. it's no walk in the park.After you get the permits and modify the place, you will get higher than market rents (due to mods) but you're also pretty well locked in to renting to that NP/agency, can't really take them to the cleaners as they can move on leaving you with a harder to rent dwelling too.Insurance will be more and you better keep the place up in tip top shape.

Definitely check it out.BTW - Here are some of my favorite quotes about planning from some pretty smart folks:“By failing to prepare, you are preparing to fail.” - Benjamin Franklin“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” - Abraham LincolnWhatever you decide, we're here to help you get the ball moving.

There is power in specialization!

Therefore I need a special landlord insurance which includes the liability.

If you seek immediate success without full consideration of all the possibilities, as Bill stated, you can get hammered.I very much agree with Bill that it is very wise to seek knowledge and experience beyond books and other forms of media.I also agree with Bill that you should be fully prepared before making a commitment.

If the payment is not received on or before the due date, this Agreement automatically becomes delinquent the day following the due date without notice.NOTE: It takes an average of 4-5 days for the Postal Service to deliver mail.f)Payments are first applied to any unpaid obligations such as late fees, escrow, service fees, dues, special assessments, any other associated fees or monies owed to the Landlord under this Agreement, then to the lease payment due under this Agreement, regardless to notations on checks, money orders, or other forms of payment.

If you do this enough times you'll feel way more prepared in a year.