Here's an example.Susan Lassiter Lyons has a hugely popular site called "the Investor Insights" where she talks about RE Investing.

You're right, it's funny how the polished brass used to be so popular.

@Deborah B:We are very clear in our lease that if the tenant breaks the lease, the are responsible for rent for the lesser of: a) the termination date of the lease or b) such time as we re-rent the apartment to a new Tenant.I would collect a full month's rent for May from your vacating tenants and hold the security deposit to fund any expenses arising from their occupancy.

Also, Indy is an extremely popular market for investors right now, so if a Realtor is telling you about these properties, meaning they are listed to the public, that means a ton of professional investors have already passed them up for some reason.

That works also.Another thing to do is find out what spots or restaurants are really popular for you target market and leave a stack of your business cards if its ok with the owners.

:)Lately, Indianapolis has been the most popular market with our investors.

I am still learning though so that is what arise these questions.

Other liens can arise from unforseen actions, like a huge sewer bill or lawsuits or tax bills, so putting your parents deed of trust in priority is important.

I have financed similar properties in the secondary but the problems arise with the appraisal, findinf similar properties as comps.Another issue is that you have a commercial activity downstairs, it depends on what that activity is and if it would be acceptable as residential with a commercial exposure.You are owner occupied living on the site.

And a big upside is the ability to pick up and move if the needs arises.