You are best off to raise the rent and give the tenant the option to stay.Also, I hear a lot on here that "rents should be", "the potential rents are"... make sure that you do your due diligence when calculating potential rents because most new owner OVER estimate them.

I think they actually implemented it, but then it got postponed due to some lawsuits. 

I was told that I couldn't get a HELOC on my properties due to them being in LLCs.

Many assumptions were made as to my knowledge, part due to my "rookie status" on the thread and part in that being the first deal being made. 

@Clinton Davis The Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) have been reinstated after a temporary injunction, with initial reports now due by January 13, 2025, for companies formed before January 1, 2024.New entities formed after January 1, 2024, must file within 90 days of creation.

If you were financing a property that netted $300 after principle, interest, taxes, and insurance (PITI), and say your rent was $1,200 a month.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

The mortgage would stay under the seller's name.The buyer could then rent out the unit, renovate, etc. to increase cash flow or make more money.But aside from a possible "due on clause" being called by the mortgage company, what's the benefit to the seller?

If you are using a third-party site to conduct the background checks, sometimes they have the option to send a person, a denial letter, and due to the fair credit act it may be required to send them a notice, informing them that you checked their credit and background so that they have a receipt that it was completed.

I'm interested in OOS investing but deterred away from Detroit due to that reason. thanks!