I want to start with single family residences and work my way up to apartment buildings.

Brian PorterYou should seek legal counsel.In our area they have up to the age of 21 yrs to sue,& based on case history (up here) they sue everyone who owned the property during their residency.

I own a condo as my primary residence and I have lived in the condo for 5 years.

My real estate experience is limited my own personal transactions, I bought/sold a condo in NY and am having a home built on LI to live as a permanent residence which is currently wrapping up.

I figured that the process is still the same since technically the residents of the home are still the owners.

This was especially important to us because this house happens to be two doors down from our residence and we didn't want to spoil neighborly relations.

And, they are usually not aware of such short contract periods either.These contracts or concept to market a residence is very simple, that has alot to do with the popularity, the public understands, for the most part that you can rent to buy or do a lease option.

I also bought a primary residence which did not help my debt to income ratio back in 2010.

My instincts on my first two tenants based on conversation alone was correct, but I still get an application to verify past residences and work history.

Second homes might have a bigger market than single family primary residences.