No soot, not operational, no insurance coverage.The lesson--the landlord should check all smoke detectors at least annually, and replace all batteries at that time, and invoice the tenant for the expense.

Took a course from someone I knew and seemed like a good way to get your foot in the door with no upfront investment.

There’s no way, it’s at least $1900 which I’m going up on rent to that amount next year and the tenant knows.

There's also no need to rush into any investments though, there will always be more.

It looks awesome, its bullet proof, dropped tools off a ladder on it and no damage.

I have lots of general experience having owned several family homes over the past few years but no specific property investment experience.

With our price target of around $1M, we potentially save 25k-30k (minus broker split) in commissions.My wife is uncomfortable representing us since I have no experience as an agent.

Don't get me wrong, I value the learning, I'm not looking to cut corners...I just want direct apply to real world strategy with no upselling involved.

It is true that does not apply to investment property, but what happened was that first time home buyers that did not qualify for a home loan were trying to circumvent that Dodd Frank rule by saying "oh, this is a rental property" (wink wink) and then move into it...basically creating a no-income verification loan.

I'm a bit surprised - if I were the underwriter I would see both the landlord and tenants as a higher risk if there's no screening.