I'm not arguing with you or shutting down any of your suggestions they are great and I really appreciate them.

The seller was actually the representative of a church and he wanted to make sure that the property did not get assigned.

The same people who don’t understand why rent would ever need to go up more than CPI are the ones who think these “old buildings” should be like new.So, we have inspections and rent control and it is well known that the advocates hate mom and pop landlords (those folks that have a few or more and self manage) because they see them as the big discriminators and should be shut down.

I agree with @Timothy Church.

This park was abandoned about 1.5 years ago after the owner defaulted on the loan, and hence all utilities were shut off, forcing all tenants to leave.

A church paid my tenant's rent and I received a 1099 for that amount from the church.

And that’s when I’m gonna shut my business down and go full time rent properties.

See if we might be able to work out a win-win scenario to help minimize your losses. unfortunately as Ross indicated these Morris Victims are not in a win win position.. its local investors wins Morris client loses in 99% of the cases.. sad situation thats for sure.. and whats more amazing is the guy is still at it and the regulators have not shut him down

All those loop holes have been shut down to prevent people from gaming credit card companies for rewards benefits.

He has now informed me that the company has been shut down and he may soon be declaring bankruptcy.