Just came across some interesting properties on auction.com, and they do offer special warranted deeds, I guess it is better than quit claim deeds, which you don't even know if the seller has the right to sell.If you receive special warranted deed and clean up the ones that bank didn't, you are good to go, and may flip to next buyer who would take mortgage.Anyone has experience with special warranted deeds, care to share?

If you're not elderly mr. officer won't care...Kudos,Mary

So be careful in marketing in these states.

I'm also careful to use the term agreement instead of lease with tenants.Here's my rental agreement language with prorated rent, FYI:Tenant to pay a monthly rent of five hundred US Dollars ($500.00), payable in advance on or before the first day of each and every calendar month.

I've had issues with commercial, an environmental impact may be required, soils test.1' of top soil can take care of some pretty nasty stuff.

For example, if the oven coil needs to be replaced, they will replace it for me, charging only for the coil, not for the labor.In your case, I suggest you take care of it as soon as you can.

Our second triplex we bought fully rented (after the rehab the rented it) so had CF from Day 1 and luckily 2 of the 3 tenants renewed.We hire out snow removal but do our own lawn care so in summer I we spend 1 day a month at the property mowing the lawn.

My first word of caution would be to be extremely careful if you decide to buy a place with your friend.

Be careful.

That return improves when you buy below market value and that takes care of some of your concern about a market downturn.