**Financing and Mortgage:**If there are existing mortgages on the individual condo units, you'll need to refinance or partially release these mortgages.

what if the seller has existing loans and liens?

Given the costs and the age of the existing unit, would you recommend servicing it or going for a new installation?

We currently have a LLC that owns our existing rental property and we run the short term rental activities through this LLC with its own separate bank account.  

There’s an entire “industry” consisting of gurus, attorneys and title companies that provide services and advice for transacting real estate without paying off the existing lien(s).  

Another issue is the gas station includes a liquor store so opening a new company to buy out business would mean losing the age of liquor license which may be beneficial in the future if they pass a law on permitting more liquor licenses to existing holders. 

Should I still do some sort of addendum to the existing lease to have it in my name, or am I okay to leave until renewal in January?

Nearly a year ago I bought an existing two-bed, one-bath 1,440 sq ft ranch with a two-car garage on 1.4 acres that had fallen into disrepair.

Similarly for the master bathroom, I want to only replace the existing vanity with a new one, keeping the current light yellow tiles.

I am thinking about actively trying to grow my investment portfolio and use my existing properties as leverage to acquire more properties.