So when you choose to be the guy that hires the cheapest, you are running a risk.

I'm sorry this happened, but your responsible for buying the product and choosing those tenants.

A redemption is a redemption only if the party had a prior interest (say through a mortgage) in the property.If M(2) chooses to foreclose, it can not foreclose M(1) but it can foreclose M(3).

When installing a carbon monoxide alarm, choose a location where the alarm will stay clean, and out of the way of children or pets.

@Sherry Byrne We do rent to own because we want the "owner" mentality in the candidates we choose.

But if you have that in you, gain the knowledge you need perhaps with a combination of apprenticeship (perhaps working in a rental management company, possibly as a realtor with another realtor as your guide - choose who you take advice from wisely though) and some slightly more formal education at a community college.

That's the one I choose :)

I was just watching an episode of Flipping Vegas with my wife and laughing about the fake husband/wife drama and artificial renovation scenarios and numbers when I swore I heard the BiggerPockets podcast intro song during one of the scenes.

@Christopher Mozgawa Go with your gut and do your thing whatever niche you choose.

If they choose to have it in a city with rent control, they have to deal with it like any other law or city ordinance.