Home was flipped and I buy the product they sold.

There is a product called “transactional funding” for this purpose.

The answer will depend on how you and your partner acquired the property.Did you acquire the property as tenants in common or through an entity?

Biggerpockets recently came out with a book on real estate strategy.You may want to give it a read.State with Strategy by Dave Meyer - https://store.biggerpockets.com/products/start-with-strategy

Acquire enough RE that it takes you or your spouse more than 750 hours a year and 1/2 of your time to manage.When you are a material participating RE pro all of your and your spouses’ RE activity becomes active, allowing you to offset RE losses against other active income.One pitfall of a RE Pro spouse if you are full-time W-2.

The best product we use in our business.

Plus, if you continue to acquire more properties, you’ll have a solid, legally sound lease to use without having to worry about your license being in jeopardy.Good luck with your new venture!

Please DM me as I am always baking off REI Software products and giving it a thumbs up/down, or meh.... etc. 

Pros: diversification, stronger local economies in other metros/states, better price points and variety of products. 

If a property has existing renters are what are key questions or top of mind items to be thinking about when acquiring the property with existing renters?