thanks @Brian BradleyIn regards to an umbrella policy, what do you suggest an investor get, in terms of coverage, in relation to his or her net worth?

Accepting pets is a great way to build loyal, grateful, long term tenants. 

This valuation will serve as the foundation for discussing buyout terms or the equitable division of assets between you and your partner.

Hi Tim,There are several effective strategies and resources you can use to stay informed about future development planning in your area, without solely relying on attending city council meetings:City Planning Websites: Most cities have planning department websites where they publish upcoming development projects, zoning changes, and long-term planning documents.

The financials of the property and applicants investing experience / credit history will factor into the proposed terms for the purchase. 

To top it all off after I sent in my information and statements I never got a terms sheet I was promised, just an invoice for 700 dollars payable to them from a link that they provided for the background check and appraisal.

Houses that had servants - even just a maid - simple things like cooking involved a lot of smoke and noise, none of which you wanted around guests.

Hi Chandana, More information would be needed to determine if this is good terms or not. 

Keep it simple.

The other house is a short term rental.