It sounds harsh to say it but that’s the reality.

Most investors do not treat it as such and allow tenants to regularly violate basic terms of the lease.When these Landlords share the problems they are having, more experienced Landlords may seem harsh because we are attempting to correct a major flaw in the way they operate their business.

Thanks-Harsh 

Commercial loans there are harsh, too. 

Hey  @Harsh SinghThe 50% rule of thumb for expenses does not include debt servicing.However it includes taxes.It should be easy to work out the expenses for a six unit. 

They've insured the title then the former owner file a lawsuit and got their property back.The courts in general feel that forfeiture of real estate is too harsh an outcome for not paying your taxes and sometimes the amount owed is tiny in compared to the value of the property. 

Originally posted by @Harsh Desai:It was actually a land contract.

Or am I getting some things wrong.be harsh here that 40k is almost everything we got savings wise. we will have a 5k emergency fund after this. and the current tenant leases are up so I would have to start fresh tenant wise maybe hire property managment and just pay out of pocket for themIt looks good from a newbes eyes but I want to hear from the pros

@Daniel Gonzalez my comments are going to sound harsh but I promise none of this is personal so keep an open mind...You can't be serious that your investment strategy is to move into a property and actually live there for 2 years so you can go up on rent?

The harsh reality is, the listing agent isn't going to jump through a bunch of hoops for you if you are going to bring a buyer's agent in later in the process to collect half of the commission.