Having them sign a new lease every month gives you an excuse to enter the unit every month to kinda see what's going on inside.  

My wife and I approached him to discuss buying it from him since it is simply sitting.

Most banks or credit unions simply wont do them post the GFC..

Hey BiggerPockets Community, I am a newish investor in Austin, Texas and wondering what your opinions are regarding entering REI through Fix and Flips in ATX in 2025 and beyond? 

If so, the flex space is only useable for you since you don't want a stranger entering your master bedroom in order to access the flex space.

@Clay Hall, I like a HELOC on my primary residence as an emergency fund, and wish I’d had that extra money when I got started, simply as reserves.  

If the tenant makes sense, the rent is there, and it all works for the particular property, I'll go with S8.But I'm not the type to turn down a well qualified cash paying tenant simply because I only want S8.

just be thankful you can get one at all. most banks simply dont offer these.

We ask simply questions, like were they late, did they have lease violations, outstanding debt and would you lease to the tenant again.

Everything seemed great, but there was one big catch…The catch was that, despite bringing in dozens of leads from that keyword, IT SIMPLY DID NOT CONVERT TO CONTRACTS.Why?