If there were laws about Chrysanthemums, I'd follow those too...especially if they kept causing electrical issues (and therefor safety issues) in the house!  

So she stepped into a fully functional office/ patient base and my purchase included all the equipment fixtures everything which of course gave me substantial accelerated tax bene's.. its a NN lease so I only am responsible for the roof and exterior ( roof  was 5 years old and with no hail in this area it will last long time).

NEVER get the (gottas - I'm so tired of making offers that I gotta get a deal) Be patient and your first deal will be a good one. 4) If you hire a property manager remember the buck stops with you - so inspect what you expect.Best of luck to you Kevin, let me know if you want to chat sometime.

My minimum safety net would be 1 year of living expenses in cash in reserve . 

I’m concerned that it’s a fire or safety issue? 

There are less opportunities so be patient and don't rush into buying unless the numbers make sense.

Be patient.

@Martin Jones Be patient and analyze tons of deals.

Longer-term money like that means you can be more patient without constantly hearing the tick-tick-tick of interest racking up on the pull from the HELOC.

The best thing you can do to protect yourself is to get a rock solid lease and good insurance and make sure you keep your property maintained and provide all the safety equipment required by law.I only own one property atm and I don't even own the house I live in so I don't think the risk is worth the cost but once I get a few more properties I will definately get an LLC for my properties.