I do like the fact that you only take $100 though as it wouldn't be hard to itemize that since on a $600 rental that is only 5 days worth of rent lost which should be relatively easy to prove in most instances.Out of curiosity why not just have them sign a lease right away?

Hello BP and thanks in advance for any help you can provide.I may have the opportunity to take control of a SFR property in Detroit using a lease agreement.

@Danielle Ratto, I just lost a triplex in Dover because the rents weren't high enough for the bank.

Remember you don't have to own a property to control it.

A blanket loan is a massive loss of control @Justin White My seller was stuck!

So while you still have a need for a home, you lost a little time and fuel to still have options to go forward with a deal your more comfortable with.Good luck to your family!

A way to remotely control the thermostat or take away their access.

That way you have no lost rent.

Remember you don't have to own a property to control it.

Many folks lost many many million so dollars investing in that city .. so you get painted with that brush unfortunately.. so that's why you need your local HML like me with a little pot belly my big cigar and I take a liking to you.. that's how it works