You also want to tell them to avoid the safety hazard and you want to confirm in writing after the safety hazard has been corrected.I would then address the legal threat as a separate issue at a later time and I would do it verbally.

So just make sure you understand the difference between a remodel for looks/safety and one that meets actual city code.

Once again, it depends on what you want to do, if you want to dedicate your time to learning and stuff while also having a safety blanket of working as a realtor for a more steady income, even saving up to pay your first investment, or just investing right on!

Hi All,I'm looking for a good, honest contractor that won't charge and arm & leg to do some immediate repairs on my property. 

He's no more likely to be doing anything illegal out of your unit than any other tenant.As for the safety comparison..... and neighbors...... and "bad people" it attracts...... you can say the exact same thing about alcohol...tobacco......and many other vices our tenants may have.My one emphasis would be the no smoking policy....not because of the substance but because of the damage to the unit from smoke, flame, ash and odorAnd ANY proposed new tenant has to pass the screening....NO EXCEPTIONS..... so if the dad knows that may be an issue down the line, it needs to be addressed now as a problem.

Real estate investing is a pretty forgiving world and the average person can still make money even with some pretty big mistakes.Buckle in, keep your arms and legs in at all times, and enjoy the ride!

Aside from what others have said he could be violating local laws which may not allow for padlocking bedrooms for safety reasons.

My FICO is low at 680, the terms given were 7% 5 year ARM, 2 points + $1500 fees, as well as a prepayment penalty.I'll be selling the property within a year, and would like to find a similar loan w/o the prepayment penalty, and better terms if available.

FHA is very particular about safety and condition issues.No appliances means a kitchen that is inoperable.

It sounds like the absolute best you can do these days on a SFH that's owned by an LLC or corporation is 6.5% interest / 25-year terms / ARM, which are much riskier in the long run for buy-and-hold investors.So...is that it?