@Richard Oswald Rent rolls, leases, and all other material agreements/documents that will survive closing such as maintenance contracts or property management agreements.

If you want to leverage the condo you're probably better off looking at a HELOC as @Theresa Harris suggested.

The Lease survives the Management Agreement.

@Theresa Harris ahh ok I see.

Not to mention surviving the 6 month redemption period. 

Joel we are currently in Harris County and the 9 surrounding counties.

@Theresa Harris we have owned every type of property you can imagine from single family, duplexes, tri’s, quads, apartment complexes, vacant land and commercial properties.

@Theresa Harris already closed and my mistake was getting a letter signed where they agreed to $75.00 per day but did not hold escrow... ( lesson learned).Thanks for the advice, my first investment buy, so I need all the help I can get.

We survived but it wasn't ideal.

I do like the fact that with direct ownership I have a lot of control over what can be done to adjust income, but I also accept that I might be too small of a fish to survive in the pond.