BK attorneys for the borrower have gotten very crafty these days in ways to try to protect their clients and make the note holders very uncomfortable. 

@Dave Foster That was Financial independence, rather than Florida, sorry for the confusion!  

You can not control every step a tenant takes, however, your bestvstrategy is to protect yourself by plugging in verbiage into your lease agreement that states that tenant is required to use the vent hood when cooking and failure to do so which causes damage such as smell in drywall, discooratiins, etc will result in thetenants security deposit being forefieted.

We both are dedicated to building wealth and firmly believe that relying on a job for long term financial security is setting yourself for failure. 

@Corby Goade - didn't you recently hear about another financial institution that might be offering cash-out refis on investment property? 

Once you have property available and with significant down payment, the opportunities open up and financiers/banks would be willing. 

Fill out a "Personal Financial Statement" which lists all of your assets; liabilities; and cash flow.  

Jeff.There are tax breaks as well as protections for you as well.

there are two types of houses in FL. those that have termites, and those that will have termites. get a professional to figure out which type of termite you have. they will tent or trench (or both) the house. you can trench and protect yourself if you want to save the cost.

Done right, holding might just meet the needs of your retirement, children's college education or other financial objectives of your golden years quite nicely, making you appreciate that foreclosure you bought and held in Parker way back when.