DanIf you ALREADY have TITLE to the home Sub 2 their existing loan and If the payments continue to be sent in to the lender, taxes are paid, and insurance is maintained the lender will in all likelihood continue to accept those payments.

THIS $1,425,000 WRAP AROUND Note would be INCLUSIVE of the existing underlying 1st lien ($270,000 @ 2.875%) .

Additionally problems that may exist that the title company has no control over gets blamed on them.

The caveat is that the market has gotten so saturated that your property REALLY needs to stand out and the upfront cost you need to get started is much higher than anywhere else in the country.

If so, make sure agreement is in writing, signed by both parties, specifies new end date and ensures any existing security deposit will still be dealt with properly per landlord/tenant laws, and I'd also ask for a partial payment to be issued at signing to make obtaining his new place easier.  

Are there any areas in the DFW area that is becoming too saturated with investors?

@Kerlous Tadres - just as an FYI, duplexes basically don't exist in Huntsville relative to the number you may see in your home city.  

Just prior to close build a new listing and block existing booking dates. 

Not a ton, but they exist.

What options exist when they don't want to tell you their names?