Real estate is a slow game, but over time, it can help you build significant wealth.

Quote from @Steve NA: Hello All,I am new to investing in general (outside of a condo I have rented over the years).

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

That is "true"....Here is the bottom line, and I am going to skip over the entire foreclosure process unless someone specifically asks. 

When I tried to get it when my side of the family found out and tried ti take over reverser mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.

Whether it makes to sell the rental or keep it depends on your answers to these questions. the property is producing around $855 after property management fee, I have the same tenant for almost 3 years That's a little over $10k/year in cash flow, which is very strong yield for the price.

I don't want to take a chance on missing a preferred tenant over $15. 

Since it was over 12 months with my HML, I ended up taking the property under my name with a 30-year conventional loan.

I would love to connect over zoom or a phone call and talk to you about the market and how it's moving right now!

The most successful loans are those that do not procrastinate and get the appraisers In ASAP so you can get over any unexpected bump in the underwriting process.