Say the rental properties are all under my name personally, (no LLC set up).If something happens and the tenant sues, and the court rules in the tenant's favor, will my husband be liable in any way?

Thanks in advance for your help - this is an extremely frustrating situation and a huge reminder that doing favors for people in real estate is very often not the smart way to go.Cheers,Kathlyn

Those that leave things blank get told "I have a vivid imagination and I fill in the blanks with my imagination and it won't be in your favor".

After you get a judgement in your favor, if the tenant doesn't leave you will have to do a "set out".

I'd say the biggest issue new investors have in trying to write contracts is that fail to really understand the risks involved and tend to devise contracts that are too favorable to them.

Do yourself a favor and keep asking questions and learning as much as you can.Much success in your endeavors!

As for financing it I could probably borrow the cost from my parents to purchase and fix it up if I were to flip it, and could probably get a favorable interest rate, or offer them some of the profits, not sure the best way to structure that.

Do yourself a favor and at the very least reach out to them and see if they are a fit for you.

I have about $150k in equity in the property by my estimate, and therefore, would be willing to carry a mortgage in 2nd position for about 30-40k if the terms were favorable.

If you really want to do some networking, you should spend $10K and hire this guy (The Dan Band): You can use the extra $20K on booze and party favors, and I would certainly come hang out with you and let you into my "network", as would many other seasoned RE investors who could open up at least as many doors for you as Armando!