That's wonderful.Your state requires 72 hours of Real Estate education. 

For scaling your portfolio, consider house hacking another multi-family property to minimize living expenses while building equity.

By leveraging our expertise in pricing and buyer demand, we identified a deal that required no renovations but still yielded solid returns.

Do not expect to keep them and be prepared to have to evict.If the jurisdiction this property is in requires anything in place in order to evict such as rental licenses, etc., get them in place before discussing an increase with the tenant because it's much easier to get inspections and repairs done when the tenant cooperates.

The answer will form around what work you are doing that requires permits.  

There thinking goes something like this - I can buy this great property for $5 million cash flowing $600k per year (they neglect expenses).  

We have 2 San Antonio sub2 deals that are turn key homes and only require about $20-25k to close (assignment fee + closing costs).They're a great option!

If the lienor failed to follow the statutory requirements to perfect the lien, the title insurer will probably advise the management company of the problem and request they record a release. 

The property required a full gut rehab as it had been vacant for 15+ years.

I had two lines of credit one unsecured for 5 million ( check book) and another for 10 million that we would secure them up with .. but you need time to do that bank required appraisal etc before we could tag the secured line and even at that they only lent 72% in these commercial loan structures..