Good morning all,I’m a landlord in New York City and would like to know how to move forward if tenants are damaging the apartment.As the landlord, I understand that if the stove stops working I have to get it repaired...

The buyer is not a party to the loan, so the bank will foreclose and destroy your credit, not his.If you put a clause in the agreement that you can foreclose if the buyer misses two payments, is unenforceable and will be thrown out by the court.You are probably needing to do a wrap to maintain the ability to foreclose.Just do a wrap.

When they don’t pay it destroys relationships.

Have our own MSHDA (state S8 provider) ID, the works.We screen S8 applicants like any other applicants to weed out the "entitlement mentality" ones, that will be bad tenants and destroy your property.

The reason I say that is you are destroying value (perfectly decent countertops) to make try to add value.

Co-mingling funds could destroy the LLC.However, as the owner of an LLC, you can put money into the LLC. 

They should always be under control of the owner, not allowed to roam free, not allowed to bark, can't destroy the property, etc.

The people I've known who have been successful in this business- successfully in their own terms of it, meaning owning a rental or two up to unbelievable wealth in real estate, all, all, all had a tight REIGN On their business (Notice I said business, and not investment- because to buy this business costs money, the money is invested in that you might be able to get that money back unless you lose the business to the bank or it is destroyed by your customers).

If we are dreaming let us go ahead and stop outsourcing manufacturing, and stop bringing in unskilled labor by the millions to destroy middle class and working class communities.

If it was useable before (small ding) and is now destroyed, I'd take her up on her offer, but I'd also pay some of the costs as it wasn't new when she moved in.