The fact is most states only allow a oral contract between the tenant and landlord to be legal for a short period of time, because oral contracts often go to court it is necessary to have a written lease or rental agreement.

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Buying A Home: A Real Estate Guide by GO-Estates.com Buying a home can be one of the most important decisions of your life. If you plan correctly and decide pragmatically, buying a home will be a pleasurable activity; if not, then you may be saddled with a home you do not want to live in.

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The benefits of this form of Real Estate Investing vs. ownership of the properties themselves should be clear as well. No attorneys; no debt; no maintenance; no problem. The size of the numbers may be less exciting, but the net income and capital gains potential are comparable and the turnover rate much more impressive.