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However, take it from the professionals that some precautions should be taken. Do your research, take your time, and read the tips we have provided from nationwide pros in the real estate industry on buying your first rental property. Here are 30 tips for buying your first rental property from the pros.
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Most states will allow a tenant to withhold rent, make the repair and deduct the cost from the rent, move out, inform state or local building inspectors, or pay the rent and sue the landlord for the difference of the rent and the real rental value of the property.
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