It would be unethical and dishonest to enter into a lease option deal with a couple whose credit could never be cured even with a miracle drug.

We are not aware that it has happened, but we fully expect to see a lawsuit filed against some careless investor who does a lease option deal with someone whose credit is beyond redemption.

That renter/optionee has been lead to believe he can buy home and when he finds out he can't we are sure some hungry lawyer will rush to their rescue.

We can visit that investor in jail and bring him a copy of a "no money down" book with a file hidden inside.

When vinyl flooring is ready to be replaced use commercial grade floor tile instead. It lasts almost forever and it is cheap to replace a damaged tile now and then…rather than a whole floor.

Have you ever received an unsigned rent check? Here's a method that often allows you to deposit that check.

Write or type word "over" on line where signature would normally appear. On back of check type "lack of signature guaranteed". Add your company's name, and your name and title. Then you sign it on back.

This guarantees your bank that you will take back check as a charge against your account if it isn't honored. Many banks will then process check and remit funds. This saves you trouble of returning check to your renter for a signature.

Spot those bad checks with these tips. 90% of bad checks are numbered 101 to 150, indicating a new account.

Legitimate checks have at least one perforated edge. Most forgeries are cutouts of copy machine created fakes.

Checks dated more than six months ago are usually not cashable, no matter how much money issuer has in his/her account.

If amounts written on a check in words is different fromthe amount written in numbers, bank will pay sum shown in words.

If you receive a check with date missing, it's legal to fill in a date reasonably close to date you receive it. To predate or postdate check by several weeks is a criminal act... don't do it.

Remember, landlording is not for sissies. I hope these tips will save you a few dollars and a barrel full of aggravation.