Terminating your contracts could jeopardize your position.

The loan shows it is SUPPOSED to be issued only if its in 1st lien position, but if a mistake was made in 2005 it would not be in 1st lien position.

For payroll, ask the seller for a staffing matrix, this lists each position working at the property and their salary. 

The networking and local market insights are invaluable.For retirement planning, focus on building steady cash flow and consider setting aside a healthy maintenance fund (I usually recommend 6 months of expenses) to protect against any surprises.If you're looking to expand your portfolio, Columbus is a great market where we still see positive cash flowing deals with lots of appreciation potential.

All of us consciously positioned ourselves here to find a stable community at an affordable price.  

Did you use a local bank that agreed to a Seller Carry in second position?

Some of the issues I see are people will live in a small loft in a city and make great money, but as they grow and want to start a family or move up, there salary has not caught up.

One positive I can see is it could help some tenants boost their credit scores, while also incentivizing them a little extra to pay on time. 

Keep learning and assessing your financial position as you grow.Good luck!

I was in the position of considering renting to someone with a pittie.