After you sell it, after all the closing cost you would have technically +600 - 650k.

I'll usually talk to a new client on the phone or exchange emails about the legal issue for free... up to a point.

Legally, I am wondering if I should get some paperwork drawn up regarding any damages/maintenance related issues that may arise.

So far adults don't have any issue sleeping in them either.If you get some, make sure they are rated for the weight for adults.

I feel it might be something I will need to tape into due to a recent issue with terminating a tenant. 

But if your property goes up in value to 400k and you have an extra 100k equity in the property, you cash on cash will technically drop.

We are addressing the source of the issue, which seems to be blocked weep holes, high brush piled around the periphery of the home, possibly prior leaky kitchen pipes and some holes in the brick. 

- When a property goes bad it is very much worth it to have a pm to deal with the issue.

@Christie GahanI think that is a very extreme example and probably could occur but we have over 5M mf buildings in this country and it is not going to be a widespread issue of default / rent control battles.

Tenants taking ownership leads to better care and benefits both parties.Prompt Resolutions: By promptly addressing common maintenance issues, tenants can prevent minor problems from becoming serious and costly.