You didn't ask about this, but be careful with putting private info like SSN in them, they are not very secure.

I would not view this investment as a "retire early" but rather a secure investment for your older years.

Hi all, I’m curious how soon after approving an applicant and taking a security deposit you require the tenant to start paying rent?

This was considered a win-win situation for both us and our goals (they are retiring and I am just getting started).I secured a cash out refinance in my name in order to pay this family member (and myself) back. 

The securities laws require any publicly-sold securities to be registered, which is an expensive process.  

Probably not a great idea to be calling tenants that on a public forum.  

They would not accept payment for any other source.Looking in public records the name is appended by the word "State-""State-Smith, Jones"Is this worth paying for a title search and trying to work out a deal with the mortgage company?

Were you able to secure a long trail of historical rent rolls before purchasing?

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I can't count the number of foreclosure sales I've attended that had short sales under agreement, short sale approved, just waiting to close and the bank slammed the door on it with a foreclosure.Because MA is a non-judicial foreclosure state and the banks are not required to disclose anything about the pending foreclosure, other than the public notice, it's nearly impossible for a short sale agent to know the status of a foreclosure and how much time they've got to get the deal done.