In this area vacancies are very rare, and if they do occur they are very easy to fill.

And I would suggest setting the end of your lease to occur in May, June or July so that it coincides with the school year better. 

It never occurred to me that I may need money if the roof starts to leak.  

Never even occurred to me this was small, because I moved here from a 400 sf condo and here I've got around 1000 sf, plus a basement.

Many of us in the business have done this,, do this , and will continue to do it.In my mind true NMD is buying an asset with no partners and putting none of your own money into the deal.. which usually occurs in some sort of Sub too or owner finance deal.

That's just a simple example.Even if you buy turn-key or new construction - who knows...repairs might be needed due to accidents, not necessarily age of property.

The investment never occurred and could in the future but it isn't looking good.  

I don't recall hearing that occurring in our circles.

-Check out http://www.evicttv.com/categor...To protect your interests once an incident occurs and/or you do get sued:-LLCs and other entities can limit your exposure, but aren't always feasible (for example, when using conventional financing properties may need to be titled in your own name).

Coming into fall (after this summer season), could potentially see having more coastal properties for sale from distressed buyers though not sure if this trend is yet occurring.