Tighten up your pre-qualifications to ensure you select tenants that aren't scammers. :)

Anthony Gayden Michael Wentzel , it put a bit of extra strain on my relationship w/ my then-girlfriend when she moved from our apt to the 4plex, but knew I planned to do it no matter what..

We own numerous SFR's around Lake Norman though the market has really tightened..

I'll tighten my criteria to my realtor in the future to reduce the numbers more.  

The rental demand is very strong right now and acquisition prices are still fairly low, but the supply of bank-owned / foreclosure properties has tightened up a bit over the last 6 months.Have you looked at particular sub-markets?

To sketch out a rough outline, you would work alongside the current owner to ramp up your capability to manage the properties, help relieve some of the strain that he/she is experiencing keeping up with all of the properties, then over time you would begin taking over ownership of the properties.

It seems to have tightened up recently for most to reply.

-- Dave As the market tightens, so will wholesale deals flowing from good wholesalers to just anybody.

Selling that house would also free you of a mortgage so you could get more mortgages.My gut tells me that if you are having a hard time paying back the 4K line of credit and the 9K credit card, your income might have a fair amount of strain on it and you are not quite flush enough to get into a new deal comfortably.

Email me privately if you'd like a name so you can be wary of dealing with someone like that in the future.Another expensive lesson learned; guess I need a way to better filter my buyers and tighten up my Assignment contract even more.