@Daniel Grimsley sounds like you have a Class C tenant.They are probably planning on saving the rent they owe you to use to move and pay first month's rent + security deposit on a new home.Why didn't you start the eviction process when they didn't pay May rent?

The seller may place the 20% in escrow, secured via a promissory note, and then record the second mortgage later.

Purchase price: $310,000 Cash invested: $350,000 This was a full rehab 6 unit multifamily building.Our firm did everything from locating and acquiring the project, to managing construction, and then finished up by leasing out all 6 units for a premium rent.We used a construction loan to secure the property and do the rehab. 12 month term which we were able to do construction and lease out all units before taking out the original loan with a permanent commercial loan.

Many of us in Illinois hear quite a bit about how easily you can get sued as a landlord related to security deposit handling, thus many shifting to a non-refundable move in fee instead. 

@Diego A.When people say "syndication" in context of real estate, they really mean filing the necessary paperwork with the SEC to sell securities.

Guest feedback is gold for your business.This is a small, non-inclusive list - there is much more you can do to provide a robust, value-driven guest experience.

So...even when not utilized, securing a vacation rental permit, while still an option, is an excellent and worthwhile struggle and investment. 

A higher credit score will help you secure the necessary financing for future investments.

Most real estate agencies have a in house photographer but if you ever joined one that didn't ... then you could essentially create secure revenue.Assuming you didn’t want to be an agent.. just an investor then it will save you money by not having to hire anyone to take photos especially for flips.

Leveraging MH Property Solutions's local market expertise, we secured the property for $268,750.