Basically I will keep his stuff until he pays me a storage fee of $50 a month. 

Basically it is Sign-Here-What-Is- It-I-Have-No-Idea type of situation.

By including the cap and limitation that all originated mortgages must be under $150k the Bill basically says these folks are in no more danger of defaulting on a mortgage than they are of being evicted from a rental.  

All went fine for the first one- after expenses I basically broke even but I am OK with that- ONLY because its my first flip. 

We do not see the need for a property management company to deal with the basics, but how do you deal with repairs, evictions, inspections, etc.?

Thanks for everyones input, I contacted the police in the past due to some of her actions and basically was told there is nothing they can due and unless the tenants are threatening  me and there is no need to call.

(Similar to the principle: When the price of your shares crash - buy MORE).

I feel like I'm being safe with the timing of my goal, but I set that after reading jack canfields success principles. 

I am capable of basic plumbing, electricity, Sheetrock and general handy man work.

I understand the basic concept of a triple net lease however this doesn't seem to be a typical set-up in the area that the building is located in.