Meanwhile every house we maintain is paid for by someone else, we just have to schedule any necessary maintenance, in an oversimplified end point sort of idea.My wife and I were just talking about how we wished we never sold that property. 

I paid the tax's and she maintained the home..

, maintain caulk in vinyl replacement window exteriors- With elderly cast-iron DWW system in place, ALWAYS be on the alert for comments about foul odors coming from drains/walls -- invaluable indicator that traps are siphoning/leaking out/cast iron is drying out/sewage gas is escaping.- Check for corner tears on screens- Monitor doorways for expanding corner cracks indicating accelerated/new settling.- Repeating @George W.'

In Ontario you do not ever want long term tenants since it will be impossible to maintain rents at market.

When you have an area with to many renters, the values will be low and will only appreciate at a pathetic rate due to the landlord investors who dont want to put enough money into their properties to maintain them and tenants who are to hood.

Financially you might end up in a wash at the moment but you would be building equity and an investment property in an area that's more affordable while maintaining a place to stay when you visit your parents.Sooooo many variables involved in doing that but I just wanted to put it out there that if it works for you, it's an option to take a peak at.

On the other hand, keep in mind that there are costs associated with maintaining an LLC (such as the $800 annual franchise tax in California).2.

When you have your owner agent, at least they want to maintain a good standing with you for future business and referrals.

Once you have decided on a home you will also want a professional home inspector to conduct a more thorough review of the home.Below are the most crucial areas of a home that you should look at, should ask questions about and review critically on your first visit to a home.Interior Windows, doors and door framesCeilingsFlooringFireplaceBasementAtticCabinets and countersExterior Color and qualityPorch and deskMaintenanceGutters and roofFoundationDoors and windowsSurroundings Driveways and walkwaysViews and boundariesBushes, trees and grassNeighboring homes and how they are kept and maintained

Review disclosures with the buyer - lead paint, known defects, HOA docs, etc.Come up with conservative ARVs for rehabs and projected rents for buy & holds.Handle the writing of offers, including contingencies, repair requests and other provisions.Negotiate points of contention with the seller's agent, working to maintain a cool, professional demeanor, even when the other side gets agitated and unreasonable.Deflect unreasonable demands.Coordinate inspections and appraisals, providing comps for the appraiser.Challenge bad appraisals.Coordinate getting paperwork, EMD and 2nd deposits to the right parties at the right time.Keep all parties on their timeline so as to remain in contract.Work with the buyer to transfer all utilities.Set up the time and place for closing.Do a final walk-through of the property as close to closing as possible.