The last time I went through tenant applications it was a paper/pencil situation.

These situations are tough, but staying organized and pushing the process forward yourself will make a world of difference.

Hello everyone,I live in PA and currently have 1 $200,000 mortgage on my house that worth around $370,000 right now on Zillow. I also have another long term rental property that is already paid off that worth around $...

Maybe you negotiate a better price because there is a problematic tenant situation going on.

What are my options for correcting this situation?

The disparity is even more alarming in Worcester, where median income has grown by 19.7 percent, while mortgage payments have surged a staggering 82.9 percent.It’s no surprise that home prices in Worcester have risen, but I didn’t realize the jump was so dramatic.What I’m seeing on the ground is that many of the buyers for multifamily homes (multis) in Worcester are coming from the east—places like Greater Boston.

The seller was able to walk away from a bad situation with some money in her pocket, we will be helping her move and relocate into an apartment.

In your situation, it sounds like the primary focus for you is more a quality of life play (reducing your commute time), and the STR may allow you to break even cash flow wise? 

Find a non-bank lender or broker who offers bank statements loans - this is literally the situation that these products are meant to tackle.

I now want to diversify, I have around $1m in S&P 500, and want to use the other $1.5 for real estate investing.My end goal is to build a Real Estate Empire and I feel like I am in a very good situation to do so,I love working and I am not looking for "passive income".What would you pros do in my situation?