The seller has a very strong incentive to minimize the issue, and leave you holding the bag for a major problem.

Which means I would be the one left holding the bag, right???

If your buyer flakes out, you're left holding the bag.

Furthermore, even a billion dollars of net worth won't buy you a bag of McDonaldLand Cookies at McDonalds.Mike

The Government does not have the backbone to deal with this, so they just keep printing.To see more on this check out this article from the Bigger Pockets blog:http://www.biggerpockets.com/renewsblog/2008/09/29/a-bag-of-money-to-buy-a-loaf-of-bread/ :cool:

If you cap the temperature, all they have to do is set an re-freezable ice bag on the thermostat and they can have any temperature they like.

And find out after 9 or 10 years that your making a great income with plenty of referral business and doing quite well.Or, you could really hate it, see it only as a means to and end, work only minimal hours, cut corners, run from the phone, don't respond to inquiries immediately, treat clients like bags of groceries.

I have been a General Contractor for going on thirteen years now and found out that it is to easy to take money and run if you are a scum bag contractor.

Besides insurance you need a truck of some kind to haul the trash, rakes, scoops, shovels, dust pans, heavy trash bags, gloves, masks, a dump or landfill to haul the trash to.

So my suggestion is to focus on finding tenants whose vouchers will cover 100% of your rent.Also regarding character of the tenants: it's a mixed bag of good and bad.