Is your previous lender a family member or a close friend? 

If you do want to screen the tenants you inherit going forward, you should do that right after you close on the property.

You would also want to ask what is your current rate, what rate can you get, what are the closing costs that are involved including points, ect.

Your example (and calling me a bit of an ignoramus) isn't even close.

You'll want a title company/closing attorney who understands how to do this correctly.

By the time I closed, building codes changed and it required an independent line.

I haven't drove through that area in about 10 years but I remember we closed all windows and locked everything up when we did.

Need a lender who understands that clean title will only occur on the day of closing.

Hi BiggerPockets community,We are a married couple based in the California Bay Area, both working as software engineers with a combined income of close to a Million USD.

Let me tell you, there's nothing quite like the feeling of closing that deal and realizing that you've made it happen.As investors experience the profitability of our deals, they become more than just satisfied partners.