So if he won't go month to month because you can walk at anytime for any reason then maybe he will write a clause into the lease that allows you to brake the lease with a signed contract and that you actually close the deal.

Things happen when you rent a property, toilets brake, sinks overflow, glass brakes, you need to replace a hot water heater.  

Commercial, besides some 6 plex mortgage, you need to understand business, that industry is even better, if your collateral consists of a 20 ton press brake, you better know the salvage value not just the new price of one.

Hi Greg Brake, There will always be some renters or buyers that are turned off by the sloping floor.

I'm thinking I'll move into one of the units too, so the monthly rent income will go down.I used this property alalyzer worksheet from bigger pockets/chandellier properties, and it's barley braking even if I bought this at 450k with all of the units rented out.

*Comps : Computing rehab coasts ( Consult with General Contractor ), Determine AMV ( After Market Value ), second opinions,inspections, appraiser, insurance, attorneys, escrow, other.

After market crashed focused more on private money and opportunistic acquisitions of commercial and residential real estate.  

But I also own and operate a machine shop with my husband and we manufacture a lot of aftermarket automotive parts.Actually, a 3rd reason is that you're a Dave Ramsey fan.

Hi every one,I have a propriety in Memphis that is braking even in income and expense .Just asking to see if I should sell or trade it in for a cheaper propriety .I have had it for about a year and its rented out for $1000.

Remember your in this to make money, I'm not one of those guys happy to brake even.