21.In the event any action, suit or preceding is instituted to enforce any provision contained herein, or to recover possession of the premises, or to cause payment of any sums due hereunder, Tenant(s) agrees to pay all costs, expenses, collection and attorney's fee, as additional rent, either expected or incurred by Owner/Manager to the extent permitted by the Washington Residential Landlord –Tenant act.

In addition, you better have an allowance for capital expenses even though these technically are not part of capital expenses.

About 20-ish years ago our State Supreme Court (lawyers, of course) declared that individuals have the right to choose their own attorney, and thus non-compete clauses in attorneys' contracts could not be enforced (a non-compete clause would prevent an attorney who left one firm from going to another in the same area).

In addition, you have capital expenses.

.$5,000 Out of Pocket90% of Value/100% of CostConstruction to Perm loanOnce construction is complete the loan modifies into a 5/1 ARM with no additional fees/costs.

in fact, they are trying to amend the bylaws to prevent anymore NOO.

Compliment yard signage with additional street signage directing homebuyers to your property from the various high traffic points in your community.

In addition, you will need to probably investigate a competant management company to take care of it for you.Do you need me to elaborate here?

Now, these fines are uncapped, and the lenders can be assessed additional damages up to TRIPLE THE AMOUNT of any FHA mortgage insurance benefit claimed by the lender!

That is an invitation to disaster.In addition, there is a LOT more due diligence that should be done on this property before you make an offer.Mike