I got my RE license as a means of targeted learning about RE, but being that it was a side endeavor and my main job salary and satisfaction kept improving I never made a full jump into RE agent-hood and hanging my license with a broker.My question as a potential primary residence buyer in new big-builder home purchase, could I hang my license with either a 100% commission brokerage or a broker friend for the transaction to retain the buyer's commission?

Hey all,To protect yourself against lawsuits, do you follow any special rules or keep anything in mind when you are advertising your property, communicating with applicants and reviewing applications?

A $500,000 building with only 20% down (could be tough) leaves you nothing for improvements, and $0 to work with.

Both TD and HomeTrust qualify as "Big banks" to me, which rules them out. 

My general rule for holding property is to create an LLC within the state where the property sits.

I counter offer with 380,000 USD (515,000 USD ARV) and i will be charging each unit 1,900 USD (1 percent rule) a month.

Even at $1,400 it doesn't meet the 1% rent/price rule, which I think would be a minimum target in KCMO even in today's tight market.

My goal like you is to invest out of state because my market in Salt Lake is way to expensive and nothing is even close to the 1% rule here.

In this area the ROI isn't always great for major improvements on rentals unless they are truly needed.Good luck and feel free to reach out with any questions.

You can either enforce your lease or let the tenant know that you wont enforce your rules and hope for the best when they break other provisions in the lease....your choice.The middle ground is to let the tenant know that she is in violation of the lease and this is grounds for eviction if the issue is not corrected..... you will not enforce that provision if he goes through the standard tenant screen and is placed on the lease.These are small issues and not worth making a huge issue out of, BUT they set the precedent on how tough you run your properties....are you a pushover or are you someone to not try and take advantage of..... how you approach this situation may have future impact on other things that come up.If this is a good tenant, in a nice property and there aren't any issues, I wouldn't make a big deal out of it, but I would not just ignore the fact that she is breaking a provision in the lease...that gives them the impression that they can do whatever they want