Gonna call non emergency hotline to perform a welfare check on the fella but he seems have no heirs son/daughter around.

On that note, do you have any recommendations on good internet wholesalers of extinguishers and who you typically use to perform these annual inspections?

You lose control of your ability to force appreciation and perform proper maintenance of your property.

The first step when you are ready meaning you have gained all the knowledge that you are going to get out of webinars,E-Books, seminars etc... is securing the capital you need in order to proceed with your real estate career.

In order to mitigate risk, I asked that they provide 3 months of security deposit funds under the pretence that if they pay on time for 12 months I would refund all but 1 month or just apply the other 2 to their rent due. 

Oddly, the rents went up and unit vacancy was low, so it had nothing to do with the performance of the asset class.

hi everyone, I need to know if I should bother with background checks and security deposits fur a garage rental?

you have to be positive that the numbers will yield profit for all involved parties. if you aren't sure of the exit strategy or how you will secure funds then you still have a far way to go. do you have cash buyers with verifiable proof of funds lined up?

I am sure the seller figured if you could come up with $400K and with the property to secure the loan, that the risk was low.

My thinking is that even though I won't be getting a great return (5-6%), I'll have 100% equity that will allow me to easily secure loans in the future.