I do believe that reading something and hearing it face to face something gets lost in translation.

He is ready to sell because he has two houses, which translates to 2 mortgages.

This would be considered an alteration to the property and this is not allowed in my lease. 

Or, have a good working relationship with a hard money lender... as banks will be useless.Tilt yourself toward cash flowing properties - it is the flippers who were really caught with no chair when the music stoppedMake certain your financial situation would not require you to sell a property at a loss (time is on your side - my shelf life is shorter than yours) Consider avoiding purchasing a condominium or home in a planned urban development due to overreaching homeowners associations who can AND WILL alter bylaws (after you purchase) preventing you from renting an owned property. 

There are classes at your community college that could translate into a good paying hourly job like CAD for example.

@Lakeisha Baker In my experience I have yet to land on a "great" agent who brings deals to me that I don't get via automated alters on Realtor.com, Zillow, or other sources. 

Yes that 1.67% is monthly which translates to 20% annually.

@Amber Hooks lots of good information here and I'll try to translate some of this as best I can.There are some experts who say that you can get the same protection as an LLC provides with a good insurance policy.  

It is a month to month lease that I have not altered because I am planning on everntually asking them to leave so I can renovate their side of the home and raise the rents.  

That will of course translate into more taxes.