Three bumps of my original January post in one evening.  

You also have to keep in mind the size of these buyers and the fact that most are not using their own money.Institutional funds are able to raise money hand over fist right now for US multifamily.

If reasonable guidelines are not in the landlord-tenant act for your jurisdiction (cool that Florida makes it clear) you can still include it in your rental agreement, if your agreement is in compliance with your state and local laws.If the tenant doesn't abide by the terms of the rental agreement, then serve a legal "notice to comply", or whichever notice is appropriate for your state.I like the idea of bumping up the frequency of inspections when tenants violate rental terms.

Now this is an extreme case and you probably dont bump into that every day but thats what we look for and we do 2 of these every  year.

,Sorry - your thread from last year got "bumped", so it's active again.I'd be curious to know what led you to decide against proceeding.

5% sounds a little low to me, you might consider bumping that to 6%.  

bump. anybody?

We have had a $1 million umbrella policy for many years along with $300k liability on each property and I am trying to decide if that is enough coverage to make me feel comfortable or if I should bump it higher. 

Brrrr hardly works in KC ....well let me rephrase that, in areas that are a good fit for new landlords that are out of state.Everyone invests in KC and there's no shortage of buyers couple that with first time home buyers being squeezed out of rentals you have desperate people bidding on houses.Deals still exsist and you can still make money, but if you go into it thinking you're going to get a house like 75% of market value and then cheap remodel to bump up the apprisal it's not likely to happen.

They take the standard 10% monthly plus expenses and fist month rent when they put a new tenant in a unit.