I don’t know what I don’t know here so please feel free to help me out or tell me if I’m way off track.

If they fail to leave, evict based on the habitual lease violations.If you can't figure out how to do this, or don't feel comfortable doing it, then the other option is to allow them to finish their lease and then require them to move out when it ends.

And with more renovations, you will start to get better at ball parking things, but even then you will always uncover items, so make sure you are baking in enough profit, even after conservative renovation budgets to feel confident you won't lose money.

Feel free to ask anything, anytime.Cheers!

I do feel like an LOI is more used on larger properties over 20 units.

Did you ever feel like your safety was an issue?  

I just wanted to get a feel for what others are charging for this or if they are charging for it at all.

In fact, I think it would be beneficial for everyone involved and could really reduce the stigma on sellers who end up with a failed transaction through no fault of their own.But in a hot market like the one we’re in now, where homes are practically flying off the shelf, it can feel like a waste of money to do all the inspections and checks up front, especially if someone else might snap up the property before you’ve even finished your due diligence.

Personally I have never been a fan of pre-tax accounts (401Ks and IRAs) because I feel like they constrain my ability to invest in the assets I want, so another consideration you may have is to temporarily stop those investments to save faster for your house.

-Toledo-Akron-YoungstownOnce you locate a property, feel free to send me a PM.