They could have been DUIs, does this make him a bad tenant, not necessarily but he could get fired tomorrow for wrecking his company car and refusing a breathalyzer on the scene.

Not only do the residents of the other building park there, but one of my units has 5 cars (for 2 people...) and they don't seem to understand the "two cars per apartment in the lot" idea.

Your better off with collecter cars than land...they are at least liquid.Good Luck to you, sounds like your off to a good start.

@Pyrrha Rivers You have to remember, there are 3 credit reporting agencies, Equifax, TransUnion and Experian,,,for a conforming mortgage they will pull a FICO for all 3.For credit cards/personal loans/car loans etc each bank normally has one they use,,,Discover normally uses Equifax, American express tends to use Experian, etc etc, but they can change, or some will give you a card based on one Credit Reporting Agency, but pull a different one if you ask for a credit line increase (weird I know)Many of the banks use special 'formulas' for credit cards, car loans etc,,its not a one size fits all.The only score you can say "I have a "xyz" score (Trans union 788) is if your using FICO,,,for various reasons I at times will pull my credit from several different services the same day,,,I may have a score vary by as much as 100 points WITH THE SAME CREDIT REPORTING AGENCY,,,,Smart Credit may say my TU score is x, my privacy matters may say my TU  is a totally different number,,,this is why its so confusing

Would this clause apply of you had a car wreck, were upside down on your car loan, and the pay off out off depleted your cash....I think not.

While you'll need to employ or partner with those who hold proper licenses, if your core strengths lie in running a construction type business and you can bring a competitive advantage to the business, there's no reason you shouldn't do it.In my experience, the best restauranteurs are not chefs and the best car manufactures aren't run by guys who have won the Indy 500...

I think you have to vote on it before you can understand it :)(or at least for Bill)I admire anyone attempting to make sense of the tangential vagaries of an obscure legal dissertation that’s in the guise of an implied 'consumer protection law' written by addled minded politicians.

You always have a legal reason for a search, whether it's a car or house before you search.

You can have your mailers, business cards, lettered cars and baseball hats that say "I buy houses....really I do

Many of the people/example you mentioned, purchased liabilities such as put in a pool, bought a car or boat, etc.