But because this was not an arms-length sale, the tenant could simply be notified of the change in ownership and where/who to send future rent payments.

RE meetups that have helped me are very specific to San Francisco Bay Area market (sales and median rents in the last year and last quarter) so I'd recommend finding a meet up or session that might address your local market and if that's a viable option for you to invest in. 

If they treat you poorly in the sales process, they will treat you poorly when your locked in a 1 year contract.

Purchase price: $72,000 Cash invested: $95,000 Sale price: $140,000 househack double What made you interested in investing in this type of deal?

@Isadore NelsonAre you responsible for any transfer taxes upon sale?

A ground-up construction loan for a new investor on some vacant land would also be a no-go as you must be able to show successful exits (refinance or sale) from a few projects before that's an option.So, we need to be able to see funds in your account that can cover the down payment, closing costs, and some reserves left over that will allow you to start your rehab.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.

The due-on-sale clause technically allows the lender to call the loan due if you transfer to an LLC, but enforcement varies.

I hope you made it convenient for yourself.Your loan documents should (or better) contain a due-on-sale clause.

My goal is to scale up over the next few years and add another 10-20 doors.I ran across someone that is saying they are building quadplexes in the same town in Texas as my current rentals there, so I have some support system there.High level this is the idea on the deal:4 units constructed as 2 duplexes on one parcel.1250sqf 3/2/1 units$650k sale price, CME is $820k according to builder, will have a independent CME done if/as I move forward.Rent per unit is $1750 based on the other quad in the developmentBest guess at this point is about $16k/year cash flow at a 9.5% cap rate.Builder is a sister company of a established company in a related industry that has done "some" builds before but not a lot.

With all of the short sales popping up on the MLS I know I will be successful in finding and helping someone.