We look for internet resistant tenants ( food,karate,barber,gym,doctor,nail salon, hair salon,etc.)

I am a recent transplant to Grass Valley and may be able to add a little insight:Property Taxes on a $230,000 purchase will be around $2500/yr, give or take.

Can't repress interest rates and shove money into the economy for that long and not get this on the other side.The bad investors will get flushed out, and the good ones will hang on and come out the other side with a few more grey hairs.

Montana requires 2,000 of schooling to cut hair.

.- The $12,000 boat sitting in the neighbor’s garage he only takes out 4 times each summer, it is basically a 24% down payment for a mortgage on a $50,000 rental property.Heck, even the PS4 that I just had to have for some late night Call of Duty action and spent probably $700 on including a couple games and accessories is just a hair under 2% of the total $36,000 purchase price of the investment home I bought – and I actually find that sort of sickeningly interesting if you really put that into perspective.

What other industry is in every neighborhood of the entire country, that takes their wages and spends them at the local stores, hair salons, insurance offices, doctors, dentists, small and large stores? 

There is currently no lease in place.I want to have them sign an estoppel agreement verifying that there is currently no lease in place, and they are indeed on a month to month etcI don’t imagine I have the rights to have them pre-emptively sign a lease agreement prior to closing..I would honestly like to boot them out and RTO, but also like to remain on good terms with my Sub2 sellers (You know..so they don’t get a wild hair up their a$$ and call the bank screwing us both over etc..)QUESTION: What type of legal document /agreement is available to have the tenants sign agreeing to a rent increase BEFORE we close?

I am a recent transplant from Fort Worth, Texas now living in Jacksonville, Florida and I have 2 years of mortgage experience under my belt.  

Plus facial hair does make one look older, so FYI...Actually I am jealous, because @ 55, I still can't get more than a Ho Chi Minh beard, and BTW, my wife is from Viet Nam...

@Hannah Hammond  well I started at 18 with long hair  and smoked dope.. and I did very well in the industry.. so can you !!!!