I just bought a Duplex in Philadelphia and the previous owner never bothered getting a Rent Suitability License, nor had the property lead swiped.Our new single mom tenant isn't paying her rent and we gave her notice to vacate (she is month to month).

It would also BENEFIT them financially to attempt to find a suitable replacement for themselves (you would need the final approval for anyone they find).Remember THEY are the ones breaking the lease. 

The house has been vacant for a few years, and  was not winterized and some pipes have broken, The house is older and does not have a suitable crawl space to get under and fix.

It's possible it might be suitable for a landlord investor too - but either way I won't be holding it myself.I'll checkout the CRS system - not sure how to get it to pull comps yet, but I'll investigate - thanks for the suggestion.

If it is not suitable for SFR development, I would take a pass on it and keep looking.

The borrower will have to qualify in full for the new loan and be able to carry this loan plus any new loan they may have and have the required reserves and ratios suitable for an investment property.I think you are going to have title issues.

@Wendy Noble I considered buying the paint - but truthfully we are pretty far apart on the colors, so I don't think they will want anything I'd consider as suitable for re-renting (which honestly would be in the beige / white category).

Are the electrical wires suitable? 

She found a suitable candidate and he passed the checks.

@Jason BurgessGo ahead and add me to your buyer's list.I like 3/2s and 4/2s, >1150 sqft, built after 1975, suitable for rehab and flip.Send me what you have and I'll see if the numbers work for me.Thank you.