Warning - You need to have cash reserves in case you need to pay to the seller and the tenant buyer does not pay you.

But it clearly wouldn't work for us smaller fish (I'm at 23 and I am definitely smaller fish to them).ESCROW ACCOUNTSThey want all the rent for the houses to go into an account that they have access to and they want security deposits in a separate account and they want reserves and capital expenses to go into yet another separate account.Add in another 5% just to manage all the separate accounts they're asking for.

Okay, first, you can't do a NNN lease on a residence or mobile home in Missouri or anywhere else, taxes, insurance and maintenance are owner's responsibilities.

If you researched the property values, got input from BP, screen tenants well and have adequate reserves, what's to worry about!

@Page HuyetteHUD Owner Occupant mean primary residence, Not second home.

I am willing to expand into Atlanta and other areas for the right properties.Currently I am trying to build my reserves while I search for new opportunities.

I leverage all of my properties, but I make sure I have plenty of reserves.

>> If you sell the 4-plex to a Buyer who plans to live in one of the units, the sale may be treated as a principal residence transaction in your state.

The situation is my family member has a house that she no longer resides in.

Compressed natural gas is cheaper than propane but I have not seen fireplaces for CNG yet or individual tanks for CNG.As I said previously, I would not remove a masonry fireplace and chimney and would expect the costs to be thousands, its not an easy job and the repairs to reframe and drywall the inside and reside the outside are just too costly.I have removed swimming pools which I consider a hazard in rental properties but not fireplaces.