Take ownership of your mistake and learn to do the proper due diligence recommended above😊

What's more important is that you learn how to screen properly and then enforce the lease to keep peace in the home.

All expenses would go on each account and it made year end accounting very easy.Ally alerted us that they are closing our accounts due to our failure to "properly secure" our accounts.

Financially, the numbers make sense, but I need to have a proper inspection since this is my first home (and I'm going unrepresented) and the house is built in 1915 with some renovations that were clearly done by the investor selling the property rather than a professional.Question: Although  previous owner has owned the property for 3 years and rented to tenants previously, should I be concerned that the legal zoning is only for SFH?

Proper vetting of tenants is important. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

This letter will serve as proper XX-day notice that we will not be renewing your lease for another term at that time.

But I do think you need all those tools all the SM to get yourself out there and then proper follow up its a belly to belly bizz you need to talk to people live in person. 3.

Stat. 720.385) So if the junior lien holders were properly served, their interest should be extinguished. 

So the weight of selection really comes down to you, what you most want to do, strive towards etc..