Quote from @Harita Konjeti: Tenant has not paid entire rent for first month, do I have any other options other than charging late payment? 

For instance, how did the due diligence "come back as clean" and the "leases were solid" if the rent was not paid up to date and paid REGULARLY?  

Itll be paid off by the time your 65-70 and boom, no need for social security or retirement. 

I will have POA and will conduct a 80% cash out refi, which the loan proceeds will then be paid to the seller and the title would then finally be transferred to me. 

A couple of my clients bought land in Georgetown three years ago when no one paid attention to it; now, they're sitting on equity gains of nearly 40%.

You should keep saving, get pre-approved so you know where you stand, and start working with an investor-friendly agent to show you homes so you get some reps in.

The tenants are currently in court with a title dispute so the house would have to be paid for cash only.I would like to convert it to a primary residence and turn the garden level into a separate two bedroom apartment for use as an in law suite.

Tenant has paid either on time or up to 5 days early.

I'd do it now because you want to make sure the rent for Jan is paid directly to you. 

Here's the situation:I own a tenant-occupied property, which is paid off and cleared.