I will have the Seller sign the Assignment of Agreement Addendum to ensure no problems.Appreciate the help.Loren

Quote from @Audrey Scott: My professional advice is to develop a clear repayment strategy to ensure timely payments and avoid potential financial strain. 

My mom would like me to assume the loan of her house to ensure it remains in my name.

Give them proper notice and get them out2. 

Does it have to come from an Attorney or is that simply the best way to ensure Notice was given and to minimize issues if Foreclosure is necessary? 

I’d recommend reviewing your lease terms and following what’s outlined there to ensure you're on solid legal ground.

Seeing as how I'm not sure if you are communicating this properly, but one could be crossing ethical / legal boundaries --- maybe.Personally, the rental activity for that sort of property and tenant would not be worth the time.Thanks for letting us know. 

Ensure contractors have solid referrals from other investors and join local real estate investment associations for networking.

Since you're aiming to purchase a multi-family property in Long Island, especially with the help of a capital partner, it’s crucial to run the numbers carefully (rental income vs expenses) to ensure you’re set up for success. 

That property has tenants which would cover the monthly payments at its current rent which is well below market value but the property would need love to justify an increase in rent.Very grateful to have made this much progress in the span of less than a year and a half and currently just trying to make sure I have all of my ducks in a row to ensure I can build these three properties into a stable few investments.Looking forward to the future,Austin