The water heater is new, and the furnace is older but my father (a contracor and also a landlord) inspected it and said it should last at least a few years.He is asking $31,900.

Both assume you have the income and debt ratio's to support the property.If you want to have your entity lease the property, you'll have to convince the landlord the entity can pay the rent.

And as a tenant, why would I rent from a landlord who doesn't trust me and wants to basically have a default judgement against me before I default?

What most new landlords don't understand is that operating costs run 45% to 50% of the gross rents.

I'm putting my first two properties in an LLC owned by the S-Corp, and I'm putting Landlord Liability insurance on both properties.If I could pile any more protection on top of those properties I would.

If you are funding the full purchase price then you are not that much better off than just being a landlord.

They are people facing foreclosure; people who have run down houses; people getting a divorce; frustrated landlords; out of state property owners; etc.

I have heard of landlords that purchase the home warranty and require the tenant to pay the per-call charge.

I hope my experience as a remodeler, landlord and agent will benefit the group.

I thought this would be a good place to start my hunt for landlords looking to get rid of their rental properties.