Always be careful with condo  developments and do some thorough due diligence before making your offer.

I would ask you to remember this for those times -- whenever you choose to do a tenant in distress a favor or cut them a break, always ask yourself if you're really helping someone or just enabling their self-destructive behavior.2.

Some of them are stupid, but you know what I don't care.

It will also cut off my biggest expense (rent) and also bring in rental income.

I could care less what the MLS or Seller says, I put my EMD in the hands of my Broker, or my attorney.  

People are getting desparate for a deal and don't care if the price is high or inflated.

In other words, when a landlord collects rent, does he/she has to cut part of it for sales tax? 

This adds an additional layer of risk and you really have to be careful here. 

The idea with this strategy is to target heirs, relatives, or spouses that have no time to take care of properties that were literally just given to them.

He takes great care of the space, does minor maintenance himself, and I get the rent usually EARLY by a day or two.