If you consider it you should require they pay 4 months in advance.This will cover them paying the first months rent,time to immediately evict them if they violate a provision in the lease,and cover paint and carpet again.If they violate the lease for any reason all the money paid upfront is NON-REFUNDABLE.Don't just stick a tenant in there to put one in.Make them meet extra security demands or wait on a better tenant to come along.You have to make a tenant like that have a bunch of "skin" in the game.They may or may not have reformed themselves and if they have they should not mind putting extra down.

They just won't budge, won't return calls and they're feeding me a bunch of BS.Again, two separate deeds, I own the downstairs free and clear.

Fair Share - Everyone wants a handout. 5.

I couldn't refi her by March.The loan is assumable so I would have to check on terms.I have exhausted a bunch of funds fixing up the place.My balloon isn't due for another 14 months from now.

On a tactical note, go into the call knowing about what you would pay if the property is in fair condition and practice saying those number out loud confidently (IE "Based on the information on the property I would offer 230,000 for it and cover all out of pocket expenses related to the sale.")

They could do both; however, the main key is that the rent must be "Fair rental value" (the going rate of a rental of that type in the area).Yes both can be done if you are renting for profit at market values.

I am comfortable with a fair amount of debt as well.

If they blatantly lie about their transactional history... run.What you've described sounds like a fairly typical agent, and the listings and docs she's sent you also sound fairly typical.Your skepticism of these basics tells me you're fairly new... so I would start with more research before proceeding to buy property.

In reference to #2, you will not have a bunch of stuff "for the next project" to keep up with because you bought the wrong stuff in the first place.I got off on a different subject than what you asked for just thinking about how different my last project was from the one before it.

-Rewrite the tax code so it's simplified, understandable, and fair.