You even indemnify GPs against false claims and sign to cover legal cost.

Do buyers have the legal authority to give the tenants 30 days notice to move out immediately upon the deal closing if they don't want to continue having them as tenants?

Given that I need to live in the home legally, I am planning to move into the smaller unit that is currently brining in the under-market rents.

Just got my first multi family property under contract in Houston Texas..

It's to provide clarity on Real Estate Financial, Tax, & Legal to real estate investors who probably don't have a strong background in tax, legal or financial.

Paying off the land contract would be considered a rate & term refinance.Why limit yourself to 5 years? 

They neglected to mention that SROs (single room occupancy, aka lodging house, aka rooming house) also means likely very high maintenance, necessitating supervision and hands-on management.The property had just dropped out of contract because the first buyers couldn’t get bank financing.

If you did not deliver the proper Notice to the tenant, missed deadlines or tried something else that is not legal, your eviction case will be thrown out.A normal eviction for non-payment of rent should be settled in a month, I can only imagine that your property management company does not know how to follow the law - and I hate to say it, I know several, that do not even meet the necessary license requirements and therefore no surprise they don't know.

However, if they continue to refuse and there's no resolution, you may eventually have to look into the legal steps for eviction.

@Ariel Hernandez you're not want going to want to hear this as you're looking for a quick, painless fix.Even dealing with relatives and best friends, you should always have contracts putting everything in writing.