I have had current landlords actually be quite frank about their tenant moving out.

Also, keep an eye on local zoning and landlord-tenant laws—they can vary quite a bit.

Likely it is just a quit claim deed to your new name, however, also note that some states (ie MI - requires another form to be filled out and it changes our taxes - or can change them....).Get the help you need to make sure it is done right without costing you extra down the road.  

I haven't financed a home in quite some time so I'm not entirely sure if that would work or not.

Jay you probably recall I was on here just as an investor for quite a few years asking stupid questions before I got my license 5 years ago.

You will need to factor in rehab costs, which could easily eat up another $50-75k depending on the condition.

This is what I am encountering, in the current Mortgage Industry.If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a Corporate Entity, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

But I do know our city needs a lot more of the first type.you clearly don't know me, which if I'm being quite honest with you has absolutely nothing to do with me. this is a property that is located in the village of Liverpool NY with a tenant paying beyond market rent, " If he doesn't want it or can't afford it, reward him with 60 days time to find another place, then find a new tenant that can pay what it is worth. " which I did, and he agreed to pay..................as I've stated to you before anything other is simply poor business practice. thank you for your input 

Hi @Alberto Freites, @Malgorzata Sadowska has helped quite a few BiggerPockets members house-hack here in the Miami Florida area and will be a valuable asset to your team!

However, since market shift / rate increase even these guys have slowed down quite a bit.Regarding regulation, I think eventually Indy will have to regulate against Short Term Rentals.