when we moved in the unit was not in great shape, and we were too naive to ask for a good cleanup.We volunteered to paint and clean the carpets.

They have painted, used power tools, measured and cut siding, placed trim, dug ditches, cut sheetrock, pulled carpet, filled dumpsters, swept roofs, raked yards, cleaned driveways and gutters, built walls, hung new cabinets, hung notices, sat in court, and so much more; if they knew it or not learned more hands-on Real Estate than any book could teach them.All that said, my 23 year old daughter wants to get into the business.

You may need to pay for $$$$ - eviction - clean up - lost rent - mental anguish - loss of local reputation LOAs are easier and cleaner for the Newbie.

She said the owner of the land lives in a house behind the subject property and knew about it for years but did not do anything about it because the previous owner was a family member.Since the house was foreclosed on, the owner of the land on which the subject property encroaches has erected a fence that is basically up against the side of the house, preventing you from walking around back of the house on one the right side.Would you proceed with this purchase and if so, what are my options to get a clean title and avoid future issues if I resale the property?

I love to travel and spend time with friends & family and I see how a healthy portfolio of rental properties that is properly set up will allow me to do that.My life currently revolves around real estate and business as I'm working my way through a mile-high stack of books, constantly read blogs & newsletters, and frequently attend educational seminars & networking events.

At least in Georgia there is a healthy market for tax deeds on the courthouse steps (in essence the same thing as a foreclosed lien), and I imagine the same is true in Maryland, such that the risk of a third-party buying the property is also material.

All the high volatility makes the market hard to predict and hard to sustain healthy growth.I am hoping for more than 2% appreciation but as long as we stay positive and don't dip into the red I will consider it a win for Vegas.

Main thing is CLEAN THAT LIST.

Been clean now for over 15 years.Another tenant had an eviction on her record (8 years prior) because she co-signed for her daughter who defaulted on paying her rent.

Many of them were under $300 for the pair, some even well under that.In one of the three houses I will be putting up for sale soon, I was thinking of putting in a "laundry room" in the basement, just because its an old brick basement that even when its all cleaned out, still doesn't look like anywhere you'd want to spend ANY time at all, even just to load and unload your laundry.