Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

We secured hard money for the pre-approval; however, we'd be interested in comparing terms with other lenders over the next few days.

He pays what you call regular income tax PLUS 15% self-employment tax (Soc Security/Medicare).

I was looking through the public property records for an area that I'm looking to invest in, and when I was looking through the page it said that the "2018 Total Value/Taxable", was $79,000.

well since U want owner contracts I would be following the public records of anything MOrris Ocean point in INdy there are going to be 400 plus properties that I am sure the owners would like to maximize their return on and one way to do that is to sell on contract..

I personally have begun running all of my insurance past a local public adjuster here in the Chicago area that I met at a REIA.

I assume you have a security deposit?

@India Huguely Congratulations on making the first big step to pursuing your goals, making them public.

Yeah that makes sense on a larger property there are economies of scale so hiring security cost per unit wouldn't be as expensive. 

Is there a security deposit?