They will get the money and they can choose if they would like to amend the contract and continue working with me.

Therefore I've amended how I will begin my RE Investment journey.

In the remaining tenant can carry the obligations on their own, we would typically execute an amendment to the lease to remove the departing individual, and leave the existing security deposit in-place {it is up to them to sort out whether one reimburses the other for a portion of the security deposit}.

If they do not then you either make the seller get the tenants out before closing so you can assess damage and amend the purchase price or you agree to handle the issues for a steep reduction and plan for it.Any seasoned investor that has been in the game for awhile knows when a seller is trying to drop something on them but get full price.

A Mortgage can take action on the real property which includes accessing and amending the real property only for the sole purpose of maintaining the security of the Mortgagee's interest.

If one of them leaves and the other two are able to carry the lease, then the lease enures.I'm guessing if the Nanny moves out, you would have no issue - in this case, I would execute an amendment to the lease to remove the Nanny.

What you can do is with 100% ownership amend all the docs to have real fees and reserves and stuff like that.  

Also that I would have to amend the Operating Agreement to reflect the new ownership structure.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

If that is insufficient or they cannot supply any sort of contractual indemnification, bond, or other mechanism to hedge this risk we'll probably have a 2nd step of our own to do screening to make sure we eliminate as much risk as possible if we generally solicit.We have amended the JV with iFunding and I hope to have some projects up on their site in February at some point.