They might agree to stop the action if you are willing to cover all of their costs.

Of course, he's not crazy about paying rent either so I don't care, just covering my bases.

You'll be partially covered if the tenant does something that destroys your property.As others have said, liability insurance is essential.

Owner's daughter was going to rehab this, but after putting in new boiler, new gas line, cover original hardwood floor with cheap blue carpet, and hodge podge kitchen (with 3 different cabinets), she got tired and wants to get out.

But they wanted to be able to buy a home in the near future.Again, I said no, the turnover month was just too big an obstacle - even though I knew it might be tough renting a house during xmas and new year's.The guy then countered me and said they would do a 6 month lease with a month to month option after that and would pay an additional one month of rent to cover my turnover month.

.$300 cash flow doesn't leave you much room for covering unexpected expenses, for which there will definitely be some.

This covers all the basis from the owner stand point.

For this area, there are some with moderate condo fees ($50-$200/month) that cover garbage, water, landscaping, pool/tennis courts (if there is one).

I would.If the worst case happened and the bank called the note due, could you cover the $12,800 balance?

If there is a hole in the floor all we ask for them to do is cover the hole.If there is a broken window all we ask for is that the window is boarded up.