If not, just tear them down and replace later.Short sale lenders are used to closing delays....you could ask for an extension, you need 60 days minimum, to switch to a 203k....write a letter of explanation.

With IB being so geographically isolated I question the room for employment growth that will bring opportunities to the area that would facilitate the change into a trendier beach town.

Geographically, I am primarily interested in the Columbus, Ohio area but also have an interest in Rochester, NY and Raleigh-Durham, NC as I have family ties as well as experience living in all of the above locations.

You should write a letter letting the tenant know the landlord has changed and the new address to send rent payments to.30-60 days before lease expires, send your lease with an explanation that you're the new landlord and this is the new agreement.Congratulations on your purchase!

The other criteria may have an explanation (divorce, business folded, health care expense, etc) but there’s no explaining that you don’t make enough money to pay the rent.

Thank you for the explanation though!

Thank you Merritt S. for the candid explanation about appraisals.

@Michael PlaksThanks for the explanation.

Do you have properties in that geographic location.Are you going to visit to look at potential properties or are you looking over the properties you already own.

On April 1 I gave $75 increases with a detailed explanation of current rents, etc.