That’s when your legal footing is strongest and the tenant is already thinking about their next step.

Please note, if there is any sort of loan on the property in question, you will likely be required to obtain the individual property insurance directly per the loan requirements anyway.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

In Virginia, a Memorandum of Contract is a commonly used and legally recognized instrument to cloud the title when a party has an equitable interest in a property due to a signed purchase agreement.

By the time you realize it to late you take the loss.. but back to the legal side of it..

I suggest NOLO Press for their self help legal books.

Without proper legal safeguards, both your personal and business assets may be at risk.

**Legal Knowledge:** Familiarize yourself with real estate laws and contracts in your area.

While I don't recommend self help legal work it will help you understand the issues to better work with your legal professional. 

As we approach the anniversary of AB - 968 I am curious to know if anyone has worked with an attorney to draft an indemnification Clause or a legal document/disclosure that both complies with the law but also protects the home flipper. 

A good management company would work directly with one to handle the eviction process efficiently and legally.