Quote:
Originally Posted by SuckOnThis
The renter/buyer normally is responsible for maintaining the property and fixing anything that a landlord normally would handle.
I strongly suggest having a separate lease agreement and a purchase agreement. The reason is if you ever have to evict it is much harder for them to say they were purchasing the property which would force you to foreclose instead of evict.
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or you just don't buy a property that is falling apart and screen your tenants for credit, criminal and job confirmation and make them sign a lease.
No phone calls, repairs maybe once every 10 years or so? People doing this with 50 properties without a problem why can't everyone else with one?