Actually, pet rent usually get paid together with the rent.You should read your PM agreement before you sign it.

Generally, the trustee has the authority to assume (continue) or reject (cancel) the agreement, making you an unsecured or secured creditor for any option money already paid.

(Tax law requires you to live there for a minimum of 2 of the previous 5 years.)

I want to spend less than $3,000 on inspections and closing costs I want to spend less than $20,000 in initial repairs and rehab Schools above 6 rating Tenants pay all utilities Ideally: Rent 1% or more of ARV Ideally:10-12%+ CoC ROIIdeally: I want minimum 100+ monthly cash flow or 100/door after ALL expensesWhen possible, I want to purchase multifamily units (2-4, max 8)Values we use in our calculations: 5.5% interest rate, 30 years, 25% DP 10% vacancy 6% repairs and maintenance 6% capital expenditures 10% management fees 2% annual income growth 2% annual appreciation growth 2% annual expenses growth 6% sales/exit expenses

It cost us $170 + 22/sample however gives peace of mind from the threatening scam artist tenant (who is not even in the lease agreement).Thanks all for feedbacks and sharing the experiences.

It cost us $170 + 22/sample however gives peace of mind from the threatening scam artist tenant (who is not even in the lease agreement).Thanks all for feedbacks and sharing the experiences.

You'll still want a lawyer to draft a JV Agreement.

It does not really matter what you have to pay if your investment still makes your minimum percentages on your most important financial categories and still makes a positive cash flow, whether its 41/2 or 12 percent on the interest rate and any applicable points. 

I moved the property into an LLC after renovating/before renting it and recently looked to cashout refi through the original bank only to find out the property must be titled in my name for a minimum of 6 months prior to closing. 

the old leases run with the property and are as valid with the old owners signature, as though you had signed it yourself. you can both sign an addendum stating that ownership has changed, but that would be redundant from a contract perspective. more importantly, before taking possession, you want an estoppel agreement signed by current owner and tenant which agrees to the current rents, deposits, and contract terms. otherwise you can take possession and tenant can claim he has prepaid rent for next 3 month or old owner verbally agreed to let him have 5 large dogs.