Interesting article about “Squatters’ Rights” in California; how they originated and their intended purpose vs. how they are currently being taken advantage of.California's Squatter's Enable Tenancy Rights After Just 30 Days, Raising Concerns Among Property Owners About Housing Security

You absolutely need to get copies of all the leases, AND, before closing I definitely suggest you get estoppel agreements signed by the tenants verify their current rent, security deposits, and any other important terms.

If you terminate the agreement, there might be penalties or fees, especially for bookings that were secured under Evolve’s platform.Steps to Take:Review Your Contract: Look at the terms regarding cancellations or ending the agreement.

The idea that a 4plex gives you security for vacancy is an illusion. 

I had to figure that out myself as well a couple of years ago haha as already mentioned, first things first, make sure you feel financially stable and secure. 

The office administrator did the initial due diligence, the corporate counsel reviewed the lease, the accounts payable coordinator setup the accounts and sent the security deposit, one of the VPs signed the lease, and only after all of that occurred did I get the name and contact information of the tenant.- Now I am in their system as a Vendor/Subcontractor.

A story that does not clearly lay out the language of the contract, the dispute and both parties position (which is rarely if ever done) is only positioning for public support for one side to sell clicks or advertising.

As a private lender with experience in the industry, I’m here to help you navigate your journey, whether it’s assessing potential properties or securing funding for your investments.With your background as long-time listeners of the podcasts, you already have a solid foundation.

When tenants need to apply to several places to secure a rental they could end up paying an entire months rent in application fees just to secure a rental.

It will be not only complex (but doable) to secure financing for it, but the real issue is that if you ever want to sell it, it will be super difficult for prospective buyers to secure financing unless they are seasoned investors which limits your potential buyer pool and potentially your offloading price.