I had my lawyer prepare all the closing documents and was able to go in there all by myself.

If I were you, I would contact a lawyer that is experienced in evictions TODAY!

It could be calling the real estate lawyers in the subject property area to find local investors, or the many people you meet at the real estate investment clubs.

Some crazy advice ideas if/when you can't find a book:1)Network with other property management companies/agents that do it2)Write up a business plan and have a good RE lawyer review it for $.

In my case, I was looking at a maximum of about $1200 of total potential liability, and then foreclosure/title costs on top of that (Estimated at about $3k using lawyers, or about $750 DIY).And in some cases someone else may have one year of liability purchased, but not the next.

Maybe that is normal, but I would like to know BPs experience when it comes to dealing with lawyers and how they utilize them.Do you have a lawyer write up each contract?

With immigration this problem should work itself out.Low cost housing should stay in demand, mcmansions, maybe not.What people on this site propose is to buy property that makes sense today and don't expect appreciation to fix negative cash-flow.In any case, some areas can experience vacancy problems.

My advice is to put more than $10 bucks, our lawyers advise us that earnest money needs to be something more substantial.

I'm also planning to talk with a tax CPA and lawyer but wanted to hear from people who've done it already.Thanks in advance!

I'm not a lawyer, but a HML.