It also can get challenging to set a price now to possibly buy in the future that the owner and you will feel is fair (with markets still appreciating at a healthy pace).You can also keep your eyes open for a seller willing and able to do a land contract with you (but there usually would want much more money down and likely want a full pay off in a few years, but can see what you can negotiate on terms).I agree nothing illegal about options/option fees in WI to my knowledge, but generally seem much less frequently used in single residential transactions than commercial transactions where due diligence and closing timelines may be very drawn out.

but certainly keep learning about them if you want to.hope this helps

You should have the cell phone of anyone you deal with regularly and they should have alternate points of contact if there's a conflict that keeps them from handling your file personally. 

Keep a strong emergency fund.  

Just asking because I wasn't clear if you have enough money for a down payment on a househack if you keep the condo as a rental and move out?

If they keep putting it on the ballot and spending over $10m to support it, law of averages will indicate it could eventually pass.

Although, some lenders will go off the lowest list price, if by some measure the property does appraise higher (just something to keep in mind).

I am planning on liquidating a couple of my properties to "start over" and see how I can better achieve my personal goal of attaining $5,000/month in positive cash flow and keep some money in the bank to be liquid.

Here are some of the key things to keep in mind when choosing an asset protection strategy for your rental properties:Your risk tolerance: If you are not very worried about being sued, you may not need the best level of protection.

If they pay by check keep a copy in your file so you know where they bank.Utah allows small claims cases up to $11,000 so there is little reason to pay an attorney unless you're terrified of appearing in court and think you'll panic.