Hey @Raghavendra Pillappa, late to the party here but everyone said it best.I wouldn't move forward on this until you find out all the details on if the septic can be expanded and if things were done correctly to add the bedrooms.

@Tim Bergstrom you correctly pointed out some of the hotter areas of town.

Another example is that with a tax auction it is common for all the interested parties to not be notified 100% correctly meaning they could in theory come back later and try to reverse the sale and take the property back!

If you don't do correctly courts will throw it out and you will have wasted a lot of time.Good luck!

Other locals with similar experience had mentioned that this scenario might not be the best fit and it turned out to be correct.

I personally think you can successfully market both your property management (PM) and buy/sell real estate services under one brand if you position them correctly.

Asking in the correct forum will get a better response.Read the RULES!

As others correctly noted, as a landlord you must look at the big picture and if this happens to be a good tenant who has occupied the unit for a while, has a history of timely payments and has expressed interest in remaining at the property the value in an extension (assuming that is advantageous to you as the landlord) should be placed above your desire to collect rent in a certain method if this particularly tenant has strong desires to make their payments in a different manner....especially if the lease they signed allowed a different payment method.

You also get peace of mind knowing it's done correctly, that you're not missing any deductions and that you won't get audited.Good luck. 

That is when they usually start to transition in to asset based options such as DSCR  For most, if the math is done correctly, the LO is licensed and know what they are doing , it is 10.