A lot of lenders like that idea because it gives the former owners some incentive to not "burn the business" when it changes hands. if they have $100,000 on the line, they are going to do everything they can to make sure it is successful for you.

Spending a grand or so now on a good attorney will probably more than pay for itself down the road when you get sued or a unit burns down.

The couches were tattered, the armchairs were burned by cigarettes, and the tables were banged-up"https://www.vice.com/en_us/article/43k7z3/nationwide-fake-host-scam-on-airbnb 

There is no telling whether the landlord will be savory, if the rental will burn down, or get foreclosed. 

Tom Burns Appreciate the response!

., you will either slowly or quickly burn yourself out to the point where you are useless to yourself and your clients.As CPAs, we joke a lot about the long hours, the stress and the nightmare that our lives can become from February to April. 

Today we got one of our houses a newer mower from Craigslist (our old mower, from 1988, started burning oil, newer one was $75, less than a tune-up)And one of our tenants' day job is a property manager for a large complex.

Stick with what you know is a good deal and try not to let money burn a hole in your pocket!

I have seen people show greed in both small and big transactions trying to keep the whole deal to themselves and it ends up burning them in the end in one way or another by turning others "off" or backfiring financially.

Many of the people I have met have been in the Real Estate biz.The reason I started consulting was for the simple fact that I was tired of seeing good folks get burned here.