Remember no tenant is better than a bad tenant- practice the same screening criteria- read some more posts on BP, if you are local I don't think its a bad way to get started in this experience, especially if you plan to invest.I wouldn't think it could be all that bad in Gaithursburg- Voucher or not Screen THEM ALL!

I don't know where the State of New is (LOL) but you may be going against the grain of common practice as sellers are often "required" to show good title, which means seller orders it and usually pays for the search, probably responsible for it if it fails to close.

I have acquaintances who are looking for a commercial space for their business, about 3,000sq/ft and are able to afford $2,000 month rent (close to what they're paying now but are being relocated by the landlord at lease end.)

Brandon's plan seems a lot more simple and practical than my own.

-CASH ONLY-QUICK CLOSE-SOLD AS IS-WILL NOT SHOW WITHOUT PROOF OF FUNDS.Asking $199,000I am a licensed (Active and Practicing) Realtor in the state of Texas, and this is my personal home.Thank you!

It's hard to go wrong- you can get easy financing, get practice being a landlord , and hopefully your tenant will mow the lawn while you're in Japan!

I've recently adjusted my insurance practices to insure actual cash value at an amount necessary to pay off the lender if something catastrophic happens and the house is destroyed.

Is this common practice?

should be in the leasing documents-If he did one- I know of a landlord who bought a triplex and the condition of the units was not noted by the original landlord when the buyer got the leasing documents-- tenants moved out , lots of damage, he could prove nothing-- could do nothing and could not charge for damage because they said it was that way when they moved in--judge in small claims agreed Because he had no proof of condition when they rented the unit--and he practically had to remodel the unit-- also-- i agree with Michelle-about a new lease

I am meeting with several investors tomorrow at an informal meetup and will present these options.Are different rules applied between each state or are these set standards of practice nationwide?