the old leases run with the property and are as valid with the old owners signature, as though you had signed it yourself. you can both sign an addendum stating that ownership has changed, but that would be redundant from a contract perspective. more importantly, before taking possession, you want an estoppel agreement signed by current owner and tenant which agrees to the current rents, deposits, and contract terms. otherwise you can take possession and tenant can claim he has prepaid rent for next 3 month or old owner verbally agreed to let him have 5 large dogs.

The problem I run into is most of my tenants are young, under 25, some are 19 so they might not have a credit/debit card so they can't pay online.

All recordings that have transfer tax are exempt.However, if there was an instance where it was due, it would be debited to the party paying for the recording fee for that item. 

I get mine prepaid once a year. 

Here's numbers:Purchase: 136k, 5% down = $6800 + closing costs and prepaid insurance will be roughly 10k downARV: 175-180k, have to see how the neighborhood does in the next year, my realtor firmly believes 180.Rehab: 15-20kAfter selling and paying fees we're looking at 10k profit? 

Instead of working less at home inspecting work more, get out of "bad debit " then get a financial cushion and downpayment...Allot of Ramsey fans on here apparently.

If you have not already, there are three ways to get an extension: E-file extension for free e-file their extension form for free.By paying an estimate of their income tax due and indicate that the payment is for an extension using Direct Pay, the Electronic Federal Tax Payment System (EFTPS), or a credit or debit card.

Pay your bills on time and pay down any credit card debit, any credit accounts where the balance is 50% or more of the credit line hurts your credit.

00% VA financing and he also wants me to pay $6000 for his closing costs/prepaids.

Banks aren't big fans of vacation rentals yet and would rather see a lease signed for $1000 a month than have $30,000 in pre-paid bookings (but what if they cancel?!?!)