Their suit was for more than the amount of money they paid in the entire time.

Ideally, would love to become a home owner/investor before my birthday next year :)I'm just starting to read about different investment strategies, and I think I'm more interested in buy and hold, positive cashflow properties.

Forget taking it off and replacing with something else - there is just nothing cheaper or more suited to our UV here in ABQ than stucco.

@SCOTT WALKER I love land, but I deal specifically with improved lots in established subdivisions and I have tried to stay away from your kind of land (see my interview - podcast #41).

If they dont have a policy they could try to add you to the suit.

I ask because while free and clear houses will kick off more cash flow (I assume you have a target cash flow to retire in 5 years), they will also place you in the potential position of law suits since you would have so much open equity and the cash sitting inside the walls of these assets would be yielding a ZERO % return.

Ideally I wish I could just have the tenants send a check to the bank and have it deposited, but i don't think I could trust that so things like deposit cards and online services would be the logical next step.

Price to rent ratios are also less than ideal.

Hey

As title states, looking for some resources for some standardized virginia rental contracts. I've done some googling but looking for some additional input

thanks in advance

With the overall approach I take, ideally, I want my tenant's guests/friends/relatives commenting to them on how much nicer the property is than their own rental, let me know if a unit comes open, etc..