Credit scores indicate how well you are at managing debt/credit.

I would say over the long term, on average, you will talk to 10-12 people in order to actually show to 4 or 5 prospects, and get 1-2 good quality applications; 7-10 days would be an average vacancy period, assuming minimal change of occupancy maintenance.It really is dependent on your local market, and the specific unit, as I have had MANY same day COO, and MANY six weeks or more, not counting actual repair time.

Your liability for changing out the 2 prong to 3 prong plugs would be minimal because the homeowner will be well aware of it through an inspection and/or a seller's disclosure, and I've never seen anyone break a deal over it.Is it better to have grounded plugs?

This will indicate any problems with the title.

The best way to keep deals clean and minimize your liability is to not do deals in your name.

They minimize losses through management (self-management or an external management).

One strong indicator of an amateur, at least in my book, is when a supposed investor makes assumptions on how the deal is going to work out without any investigation into the specific situation.

If a person does not have enough cash, is it better to put down the largest down payment possible to minimize monthly mortgage?

Good article, not the doomsday mentality.I remember moving to Houston years ago back in the early to mid 80's because I had read somewhere that one of the key indicators to determine whether or not this peticuliar market might be poised for recovery was high vacancy rates on commercial property.

My suggestion as always is minimal risk on intial investments.p.s.