The letter also states the total non-rent items currently owed by the tenant, such as accumulated late fees or repair charges.Also very important, the tenant states they have no unresolved issues with their current landlord, except as listed in a space provided, and they have no current plans to cancel their lease under the Service Members Civil Relief Act or for any other reason. 

Getting that first deal under my belt with the help of a mentor would significantly accelerate the process and build my confidence.I’m a firm believer in learning by doing—trial by fire, making mistakes, and growing from them.

In addition, a DIL does not automatically satisfy the underlying mortgage/DOT so if you accept a deed from the DIL grantee you may find a title insurer will require a release or sat of it before insuring.We have often used a “friendly” foreclosure instead of deed in lieu when we needed to “wipe out” liens junior to ours before taking property title.   

Get it under contract with a longer (90 day?)

They are highly secretive however - no online presence under their names while being very tech-advanced, they also installed like seven cameras around the house perimeter.

Hey Everyone,As many of you know, Pittsburgh is a unique market with a lot of opportunities in neighborhoods where properties can still be purchased for less than $100K. However, many DSCR lenders have a minimum loan ...

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I could see a requirement, perhaps under the Patriot Act, that requires all landlords to get a SSN/TIN from everyone living in a unit and report that (or lack of) to the federal government.

Yes to avoid taxes and penalties (under 59.5) the money would need to stay in the retirement account.

Since pro forma's are a projection they are as good as their assumptions, as an investor, you need to agree with the underlying assumptions.