They should have renters insurance to cover their belongings.An attorney will take up a bunch of time.I would make sure their apartment is fixed properly and not on the cheap and that also they reimburse the days out of the unit say so many days as a free rent credit moving forward.If they blow off the requests that might be the time to send the attorney letter to wake them up to working with the tenants.

Thus it is not proper for such a broker to undertake to devise the detailed terms of a purchase-money mortgage or other legal terms beyond the general description of the subject property, the price and the mortgage to be assumed or given."

But I just checked the statutes to make sure, the proper is now - because they are in a 12 months lease - the 5-day notice for material violation of the statute (plus lease, I guess) with the right to cure.

This process can be avoided with proper estate planning.

My take on the lessons the folks walk away with from both sources, IMO, seem to point to a lack of proper understanding of the asset class in general.

As demand increases and the economy improves, so will real estate prices.My research indicates that if done properly, the yields will be between 15 - 20%.

As demand increases and the economy improves, so will real estate prices.My research indicates that if done properly, the yields will be between 15 - 20%.

If there wasn't a list of damages, then I would assume everything was in proper working order, no major issues at the time he moved in.

After reading over the bigger pockets forums it has become apparent how important it is to get the contractors plan of action and budget written in a contract, so we will be sure and get that taken care of properly.

If that exists, you can be confident that both of you will work equally hard to ensure success.