Now I understand Tornato Alley (aka ~Tulsa) is the extreme, but even then, if disaster strikes, there's not much left to deal with and YOU (the LL) are not responsible -- GOD forbid you experience such.Even a problem with a sink can wait 12Hrs.On a toilet issue, you must respond asap,  even if it's a midnight callout (hint call a professional).Baring a major issue like a Tornato, 99% of these issues can be resolved "in the morning".FIRE FLOOD & FAMINE are "acts of God"  and there's just nothing we mortals can do to mitigate.

What happens if the tenant discovers plumbing issues?

If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

And, it was like being undercover, because we were told by the big-wig on day 1 that if we were discovered speaking negatively about what was being presented, or networking in any way, that we would be asked to leave.I do have to admit that some of the information given was informative at times.

Zach...best advice to find ll the REIA meetings in the area and attend.

Agents are held to a high standard of honesty, so if you are discovered doing anything shady, you could lose your license.

If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

Because of the massive manipulation of markets by central banks, price discover becomes almost impossible, therefore using a price to draw a conclusion becomes more difficult...too difficult for a guy who almost flunked out of high school (me) ;) As an example, the 10 year US bond is now not just a marker for the domestic economy it's almost become a marker for the world economy.  

This seems like a great idea for the LL, lol.

If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.