@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.

Population officially growing per US Census Bureau, even though their methods are archaic, beat out Miami for highest appreciation last year and there's over $4.5B in investment happening in major projects.What do you think all this means?

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. 

Statement fro the National Association of Realtors: “NAR launched an all-hands advocacy effort on this issue, meeting with VA officials, engaging with lawmakers and rallying our industry partners to ensure this prohibition was lifted,” Shannon McGahn, the chief advocacy officer at NAR, said in a statement.

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

.….Its official, government has taken a permanent intellectual vacation.

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.