I am focusing on the part of your post asking -"would it be legal".

Originally posted by @Satish Chandra:Hi @Terry Johnson,Hope you are doing great.

They have a present value of around 10% of whatever you put into them...Melanie:I was responding to the original post. 

Please post more info about the deal.

So excited we found tenants, we took our realtors word for it and didn’t properly vet our new tenants.

I think they meet in person, but not sure it may be on zoom - they are not members of MAREI, so I don't have all the info - they do post their meeting on Meetup.And there are a lot of virtual meetings, plus MAREI events on our calendar. 

I can't give a tutorial re how to originate a note today, selling a house with financing in just one post. 

I came across some reddit post on the city and how tenant friendly it is, plus population decline.

Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.

Give proper legal notice of non-renewal and get them both out.