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Jim Bremner Jim Bremner is offline
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Join Date: Jan 2006
Location: Fullerton,Ca
Posts: 5,463
If you do buy it put it a LLC.
Tell the renters that you're just the jackhole that is there to collect the rent. Turn your phone off at 7pm and on at 8am. Don't have your phone on at 3 am when the water heater fails and they call to complain.

How many months can you survive with out a pyment? What are the tennant laws in your state?

Take a good look and if it makes sense DO IT and in time leverage it to get another..................
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Old 02-29-2012, 09:07 AM
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