Yes you do have to be a little careful when you re-key them.  

If that investor hadn't planned it carefully and re-invested that money into the property or even the purchase of another then a recapture fee would hit them hard. 

My dream is to achieve financial freedom through multifamily rental properties and live life on my own terms.Recently, I have been reading one book after another, trying to absorb as much information as possible, and am extremely thankful to finally find this amazing community.

From the start we could tell she hadn't read any of the questions we carefully answered nor reviewed any of the sensitive documents we uploaded during onboarding.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.Here's a guide that teaches you how to analyze a property.https://www.biggerpockets.com/blog/rental-property-cash-flow...Finding deal that cash flow is the easy part.

If you want, PM me and I will send it to you formatted to make it easier to read.

If you read this and have any questions or advise, please commentThanksSergio Vasquez

If the tenants don't care for the pool properly, it could cost you thousands to fix.

CA RE Broker ( which I have) standard state MLO and NMLS  and Consumer finance license.

As far as I have been reading, a bedroom does NOT need a closet.