What I want do was compare what I have to what others have, and to know if what I have is sufficient or will I run into problems when I actually have to enforce this section of the agreement.Thank You"Tenant(s) agrees to pay all costs, expenses, collection and attorney's fee, as allowed by law, either expected or incurred by Owner/Manager due to any breach or default by the Tenant(s) of any terms of this contract."

Jim,I read your post for how you expect to work with partners.

When you first said Portland I was not sure if you meant ME or OR.I expect I will return to the OR market in a year or two after some other changes.John Corey

ARV lending and other sources of private money are the last frontiers for 100% financing, expect for these sources to take on more relevance as the subprime, high LTV/low doc, investor financing sectors continue to evaporate.

you need to keep in mind that a mentor may help you because of altruistic intentions, but you're still expected to bring something to the table.

The building inspector and I agree that no major work needs to be done, expect for adding a "landlord" electric meter, cost ~1500.

If you have nice property for sale before the peak comes, you will either be selling for lower than you are probably expecting or worse it won't sell.

I always expect to get hit with a thing or two from the buyer in repairs or concession during the option period, if I am selling through a realtor.The only other issue I see with all this is you said that you would be doing all the repairs yourself.

Your new friend will be glad to help you for free (although don't expect them to spoon feed you the basics).

My mom does have a little money saved up for emergencies like this, but I don't think she expected to have to use it.