Another way to approach this is to prepare a written early termination agreement to be signed by the tenant, wherein the tenant agree to vacate by a date certain and to comply other terms (e.g. paying early termination fee or an agreed upon amount if there is no early termination fee provided for in the lease).

I have good credit and sustainabile income but I have been finding trouble in traditional lending **How do you approach rent-to-own agreements?

Hello All -  unfortunately, hurricane milton is fast approaching the Tampa area.

He mentioned in his post how he spoke with three law firms and none of them agreed with his asset protection approach and was looking for referrals for someone who would agree with his strategy.

Class B should be 10%, Class C 20% and good luck with Class D.Your approach to analyzing properties is also flawed!

That can take some time, a few phone calls, a site visit, etc but I find it can avoid problems down the road.Good luck,SteveThat's a great approach, Steve!

They way full doc programs work is they use this worksheet: https://content.enactmi.com/documents/calculators/Form1038.C...This approach will allow you to add back the paper loss of depreciation, and add back mortgage interest, property taxes, insurance and any HOA dues. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

If you are younger and seeking to rapidly build a cash flowing portfolio, if you are wanting to continue 1031'ing into bigger assets, or if you do not have the cash to take down entire deals without financing, leverage makes a LOT of sense.If you are retired (or rapidly approaching retirement with a level of uncertainty or concern about what your post-retirement income will look like), it could make sense to begin paying off properties so that you reach a point where your expected monthly cash flow will exceed what you need to live comfortably after retiring.

It gave structure to my business on the acquisition side, and since then I have modified the sales approach to be more tailored to my preferences.We are transitioning from outbound marketing to inbound PPC and PPL.