Of course the true motivation was a very nice reward if it lead to a deal.

Clearly a landlord can be a catalyst for neighborhood pride and can be financially rewarded for playing that role.

Pool, food & beverage and location.

You'll have tenants claiming someone ate their food, didn't clean, didn't pay, threw a wild party, broke their XBox, drank underage, moved their boyfriend/girlfriend in, snuck in a pet, and similar roommate issues.You could even have zoning issues.In my previous town, 4 or more unrelated people living together would be a rooming house, which has to pay additional sales taxes on rent as if it were a hotel.

About 50% of all restaurants close within 3 years -- not because the food isn't good (though in many cases that's probably part of it), but more because running a restaurant is not typically a core competency of a chef.I'm not saying that Terry doesn't have the skills...he absolutely might.

Forced to live with a roommate, it's constant bickering, she drank my soda, she ate my food, etc.

For any contract a key element is consideration, there are two issues that apply in holding one to the terms of a contract, those that say give $5 as consideration are only looking at issues at law, but there are equally issues of equity, is the consideration sufficient for the rights extended or in the scope of the dealings anticipated is the considerartion apporopriate, given the risks and rewards afforded under the contract, this is where the $5 down folks fail in giving sufficient consideration.2.

(Food for thought.)Continued success!

Food for thought!

I am now ready to take the plunge into what I hope is a very rewarding real estate investing career.