I regularly do studs out renovations here.  

It's not the right way to get things done but it only helps both parties. from investopediaThe FHA does not require the repair of cosmetic or minor defects, deferred maintenance and normal wear if they do not affect the safety, security or soundness of the home.

I started a Partnership with some friends and relatives who mainly are Stock Market Investors.The purpose of the Partnership, in this case an LLC, was to purchase a $1.5 Million 3 Family in Brooklyn, All Cash.3 months ago I told everyone to pull out their cash in the Stock Market.They completed their stock sales a few weeks ahead of the Market falling off the cliff.I then closed on the 3 Family at a very good Price, collected a $40k buyer's commission as I am also the Buyer Broker, and just finished renting the 3 Units, signing the last apt lease in a few days, getting approximately $6k per month in Cash Flow for the 1st year.Not only that, I am securing an Investment HELOC at a 50% LTV, so roughly $750k, which I can use to investing in the Stock Market.I had already anticipated the fall of the Market as the inevitable Corporate Tax breaks had to wear off eventually.There just isn't enough consumers that benefited, in my opinion, therefore Corporate Revenues cannot increase and profits has to either stabilize as the max Corporate Tax breaks levels off.Really, only one way to go.I am anticipating the decline to last for a while.As an Trader, however, I will eventually buy long term growth stocks but also hedge it with PUTs in case I get in a bit too early.My friends and relatives are ecstatic as they probably saved a decline in their net worth by as much as a $1 Million.BTW, there is an old saying, "It is easier to make the 1st Million than it is to keep the 1st Million."

Regular office when economy is good they branch out into their own locations and sign leases.

We got all our rent and the security deposit 4 months later and she moved out.

I am currently a full time nurse but want to get involved in investing so that I can have a more secure future for myself and my future family.

If you are investing and trying to move from the left side of the quadrant as an employee or self employed to the right by being a home provider (investor), then year long tax planning should be a regular event for you.

For put/call options, do you mean exchange-listed options on exchange-listed real estate securities (REITs)?

If you are concerned about a cracked cooktop, you can always require a security deposit. 

He has an interesting strategy for finding long term tenants, which is to charge an unusually large security deposit, but have the monthly rent lower than the average for the area.