Ask for references and call any prior owners they may have been associated with.

They closed on the deal about 6 months prior to the interview, so its too early to tell whether or not the deal was good or bad, and it was clear they knew very little about the property itself. 

Both parties are bound to the lease and would be in default if they terminate prior.

Louis, because I lived there for 13 years prior to moving back to Texas.

Draw schedule to be agreed upon prior to closing.Term: 1 YearFee to Lender: 2.5 points – ($13,125 paid at closing from loan proceeds).Interest Rate: 11.5% Interest-Only billed monthly on outstanding balance.Interest Reserve: $15,000 – approximately 6 months interest, paid at closing from loan proceeds.Once interest reserves are depleted, borrower to make interest-only payments monthly.Pre-Payment Penalty: Should loan be paid off prior to interest reserve funds being depleted, a pre-payment penalty will be charged equal to the amount remaining in interest reserves at time of payoff.Loan 2: Loan amount 490,530.60Lender Points: 3%broker points: 1%rate: 11.99%Term: 12 months (interest only)Prepayment penalty: NoneProcessing fee needs to be wired before LOI can be issued

NJ state return specifically tracks the loss carry forward.Also, what do you make of this statement from CO tax booklet “A nonresident of Colorado may source to Colorado passive losses carried over from prior tax years and claimed in arriving at federal adjusted gross income to the extent such nonresident had Colorado source passive losses in prior tax years not previously claimed for Colorado income tax purposes.” - does the last point mean that CO passive losses used in prior years (not just previous year or current year) for offsetting passive income at federal level can be used to offset CO passive income in current year if they were not used for offsetting CO passive income in prior years (because there was no CO passive income in prior years)?

If the new people want the unit prior to the end of the current tenant's lease, I would tell them they would have to pay the daily rent beginning the day they got the key and took possession.

I only know about the times where this was found out prior to closing, obviously I have no way to know about the times this shady behavior wasn't found out.Since you get a vote in who this tenant is, and it's retail, PSA that commercial lenders (especially the ones offering the best terms...) are starting to vet deals by how 'recession proof' the tenants are, even if they are currently paying on time.

They moved in prior to my purchase of the home, so I did not do that and the last owner did not provide anything.

Most owners have moved away from them to such an extent that under contract buyers ask for any security deposits to be returned to the tenants prior to close.