I have been married to my husband for 10 years we have 2 girls together and he has 2 adult girls and i have 2 teens all girls .but my husband got that title when he was 20 now he is 44 but i can tell you from my experience its been rough over the years cause people love to judge but forget how easily something like that could happen to themselves or there own kids .i am currently looking to find a place for my family cause the lady i rented from for 10 years decided to sell.

I stand corrected:)They do have an office in Metro Detroit and while we're far from perfect, we seem to get a lot of their unhappy previous clients.In our opinion, they built a system for Class A rentals - where tenants have 680+ credit scores and rarely have to be evicted or trash properties.They then tried to apply their processes to Class B & C rentals and that's when their service issues increased.All this caused them to recently significantly increase their Flat Fee pricing and monthly minimum charges.

One mistake could extend the tenant's stay for months without any income, not to mention the stress it could cause.

Even someone seeing the gun could cause escalation that otherwise would not occur.

Then of course, you are also hoping for appreciation.While it is attractive to not have to worry about cap-ex for a few years, many maintenance issues are usualy tenant-caused, so there may still be ongoing issues & expenses needing attention.Another option may be to buy an existing cheaper property, that's still in overall good shape.

This is what I think I know:- The borrower can choose to pay off the note at any time (by selling the property or just paying off the loan with other funds), so it is important that the legal balance covers my investment and some profit- The borrower could file bankruptcy (can someone confirm that this will only cause delay, but not jeopardize ultimately collecting the legal balance of the note)- Most of these DOTs will have a rent assignment clause, so I could try to enforce that and collect rents from tenants (essentially manage the property) while I am holding the note and trying to foreclose.

You are dealing with the issue quickly and professionally.The tenant told you the home is causing health issues.

Most of the population moved to the surrounding suburbs or other cities and abandoned the downtown area, causing it to become a center for poverty, drugs, homelessness, and crime.

I can understand the temptation of wanting more rent from your multifamily home however I would add this to your train of thought:What would happen if your tenant in your illegal basement unit burned down the house which caused another tenant to get hurt or even die?

Louisiana is also a very landlord friendly state and that doesn't hurt either.I have been looking at the rental data in New Orleans lately and it seems like there may be a surplus of rentals available, most likely due to the STR rules causing people to switch to regular long-term rentals.