The tenant is also 3 months behind on rent.The property is in Clayton County, GA.The current owner cannot evict the tenant because they are in bankruptcy,but I wonder if a new owner can.It seems like they could because they do not have a prior agreement with that tenant.New ownerNew lease agreementIf they don't like it, they can get out.What are your thoughts?

The lease states that tenant shall vacate premises on termination of the agreement unless;1) landlord and tenant have extended this agreement in writing or signed a new agreement; 2) mandated by local rent control law; or 3) landlord accepts rent from tenant, in which case a month to month tenancy shall be created which either party may terminate as specified in paragraph 2a2a states either party may terminate in writing with 30 says notice (paraphrased)Last May the tenant and I signed an agreement, rent increased 12.5% and the main verbiage is:Specifically, the Parties agree to extend the Lease as per Provision 2A/B “Month to month & Lease” The extension to run month to month beginning October 1, 2018 at a monthly rent of $XXXX and requires a 60 day notice on the part of either tenant or landlord in order to terminate the agreement.

Keep in mind that the minimum wage in Ontario will increase to $15/hour January 1, 2019 which should also put pressure on lower-end rental rates (which often have the best ROI). 

Use the online tools to keep the driving to a minimum, but can't replace driving buy. 

In only very rare occurrences have I heard that it is typical in a market for an assignee to pay the assignment fee upon ratification of the assignment agreement, instead of getting paid at closing.Does that answer your question?

We were able to finance our first two deals with a line of credit agreement we made with a private investor at a very good interest rate.

I'm shopping around for conventional lenders and am being told different percentages for a minimum down payment on a conventional loan.

If it's not, my presumption would be that there is no "protection period" for you agent - unless CA law provides for a minimum period.It's better that you not end up finding out in court though.

While an LLC can lend money to its members, such action must be approved as set forth in the operating agreement and should be documented by a written note that pays adequate interest and is subject to commercially reasonable terms.These steps will also provide a better defense against other creditors attempting to pierce the LLC veil.

The agent that says he is in direct contact with the developer, yet has no listing agreement with him.