I would restate that the lease will remain in place until such time that a new tenant is selected and moves into the property.This approach will ensure your cash flow while acknowledging that 'stuff happens.' 

Start small, build a reserve fund, and work with local experts to ensure your first investment is a solid one.Good luck!

What are the best methods to independently verify zoning and land use data to ensure compliance with local regulations?

It can be a bit of a juggling act, but it’s a method some investors use to grow their portfolio without waiting years for equity to build.I guess what I'm saying is, it's not just about waiting.. it's about finding creative ways to leverage what you already have.

But I would also make sure that you get a sewer lateral scope done to ensure the cast iron piping is in good shape. 

Make sure your real estate agent isn't just about closing that one deal but understands the benefit of protecting you on each purchase to ensure that you keep buying because you are enjoying success.  2.

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

I specialize in creative rental investments such as STR & co-living. 

This designation doesn’t cost extra or give the manager access to insurance payouts but ensures you and the property manager are aligned during incidents, such as tenant lawsuits or insurance claims.

.), and research comps in your area to ensure your property aligns.