I am looking to purchase an apartment complex in Los Angeles.

My name is Tony, and I work with the Biggerpockets Featured Agent Program!

My name is Tony, and I work with the Biggerpockets Featured Agent Program!

With some of the latest news stories for apartment complex fires etc., it doesn't seem so, but...I also know there's a legal option to let the tenant break the lease without penalty and move somewhere else, but they may not want to depending on the situation.I do have a somewhat vague, but contradictory clause that waives my liability for all uninhabitability claims in the lease.

My name is Tony, and I work with the Biggerpockets Featured Agent Program!

My name is Tony, and I work with the Biggerpockets Featured Agent Program!

I decided against it not because of their platform, but because I'm trying to automate and simplify and adding additional rental options added administrative complexity. 

Take ownership of your mistake and learn to do the proper due diligence recommended above😊Please send us any feedback via email, as we do not use the DM feature here.

Out of state investing can be tricky to navigate and takes a team who are experienced and know how to navigate those complexities. 

If he opts to buy the property, rent paid during the lease period is applied toward the purchase price.Because owner financing can be complex, we recommend working with a licensed attorney who will consider your best interests when drafting the necessary documents.All the best!