They have lost their written agreement with the seller, but they have a lease with the owner before the seller where they have a security deposit.

If not, factor minimum 15% for management.Also, consider that you will pay taxes on all the income (after expenses).As others mentioned, research the competition in your area to learn the demand/restrictions.Depending on these answers, you may be better off doing this closer to home. 

If stuff hits the fan and you can't afford it, that's when you become a motivated seller. 

Honestly, once they decided to suspend my license, I don't think there was anything I could do to change their mind; obviously the hotel lobbyists had gotten to them and were demanding a crackdown on individuals competing with them. 

Hey All,I am seeking advice on the proper way to charge back my borrower on a seller finance deal in which the borrower has allowed the insurance to lapse.

@Arif K.Hire an attorney, stay professional, follow the lease for guidance, and do your best to firmly enforce the lease & have the goal to get her out ASAP.Why is she demanding a 30% reduction in rent?

If I was the seller, I would never do it.

It serves as a designation for professionals actively involved in the oversight and operation of their rental portfolios.Summary of Requirements:To qualify for Real Estate Professional Status, investors must fulfill two key criteria:50% Rule: Allocate over 50% of all annual personal service hours to real property trades or businesses.750-Hour Threshold: Spend more than 750 hours materially participating in specified real property activities, including rental operations.Navigating these criteria demands meticulous attention to detail and a thorough understanding of IRS regulations.

I don’t understand why an owner would consider seller financing.

However, they cannot be making these demands now and expect you to pay for it.