Do buyers have the legal authority to give the tenants 30 days notice to move out immediately upon the deal closing if they don't want to continue having them as tenants?

A lot of bad advice and bad decisions being made by investors hat will lead to tremendous opportunity.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

By staying open-minded and willing to learn, investors can avoid costly mistakes and build a solid foundation for their future.In real estate, emotions can cloud judgment, leading to impulsive decisions.

While it’s frustrating that the tenant is still there and not paying, turning off utilities could complicate the situation and potentially lead to legal consequences for your "friend".In the meantime, document everything (the tenant’s non-payment, the lease terms regarding utilities, and their attempts to resolve the issue) to present in court, which may help recover the outstanding balance later.

I am glad you stopped me from being lead astray with this.

I recommend focusing on getting a great investment property and disregarding Section 8 in that pursuit because any property can be a Section 8 property, but a lousy investment is lousy regardless of having a Section 8 tenant or not.Section 8 will perform a basic functional and safety inspection for your units after you have an agreement with a Section 8 tenant and your local housing authority.

Only reason to do an open house would be to generate new buyer leads.

It’s also key to ask about commission splits and what resources they provide, like marketing or lead generation.

I figured at the very least it would be a great opportunity to network with veterans in the parking industry, find a few jobs to pass to my Sailors, and I might even get a lead on a deal.