It does not matter if you can prove damages, they will win 3 times the deposit because notice was not sent.

If your tenants take the landlording entity to court and win a judgment, you don't want to risk losing (or even tying up) the asset itself.I'd talk to a real estate accountant and an asset protection attorney about your best options.

do both of those things.. real estate to be successful NORMALLY requires both of those items to be in order.and it really depends on what part of the country you live in and want to work in.in areas of really low value assets this is far eaiser to accomplish than in areas were price points are much higher and those that own and deal in real estate are generally going to want to deal with investors that have the ability to execute.think about going to work for some folks in the industry so you can get paid and then learn the trade.. just like an apprentice at any vocation.not sure how this I have no money or credit and I became a successful RE investor go such a strong hold on our conciences.. it can happen but so can winning the lottery..

Although Buffet has famously set up his estate planning to provide his wife with 90% in the S&P 500 and 10% in T Bills (OK, 2 asset classes).For someone like me who only started investing in real estate more recently, this thread is thought-provoking.

It's a win-win for everyone that way

If the laws become pro-regulated and does not affect 2 to 4 Family buildings, I win because my buildings will appreciation tremendously.If the laws become pro-regulated and DOES affect 2 to 4 Family buildings, I lose a bit of Value in my Property Portfolio but I win because I expand my Property Management Business tremendously.If the current laws do not change OR if it becomes more Landlord friendly, then I expand my current Portfolio.I like to encourage Investors to think of their Investments as more of an Investment VEHICLE.When you drive your Vehicle, if you stare at the Rare View Mirror (meaning past data) too long, you will crash your Vehicle.If you stare out the side view (the current data such as today's cash flow) too long, you will crash your Investment Vehicle.HOWEVER, if you look through the front windshield almost ALL the time, you will be able to see the signs that the BRIDGE IS OUT before you drive into the River.

The syndicator having those types of syndications over and over tend to have WIN-WIN's for aligned interests.The syndicator doesn't want to have all the WORK and LITTLE upside on the back end.

It used to be, before our country change to socialism, that as long as we applied the same rules to every applicant and documented every applicant's application we could still get sued, but had a better chance of winning in a court.It is super easy today to document every phone call, text message, applications and pictures so we have a better chance of winning in court.

The big wins:1) Going from C class towns with C class buildings to a B class town.

It is competitive and inventory is low but you only win when you play - and you lose when you don't or get caught up in bidding wars.Find the right market and opportunity  - and go.