I've managed this home for 15 years and it has no signs of movement, as confirmed by the engineer, but the sellers accepted the offer because the home is fully paid for and they just want to walk away.

You can do this with a simple, one-page addendum, or even a written statement added to the existing lease and signed by you and the tenant.Example:This lease agreement is hereby amended to reflect the change in ownership of the rental property located at 123 Straight Street, Cody, WY 82414.

How soon will you have a signed lease after you're finished with reno?

Quote from @Nelson Badillo: Quote from @Tim Delaney: In my area the agencies that manage the vouchers won’t do an inspection until you have signed a lease with the tenant.

I also recommend signing up and paying for a site called rank breeze.

It was over $5,000 damage but the bed bug company said it wasn't their fault and the tenant signed the contract that the bed bug company wasn't responsible for any damages so I was stuck with fixing it myself.

So as a result of my “asset protection” procedures, the end result was that instead of being sued personally and having to spend the time, money and emotional stress of both defending my self AND suing the insurance companies and condo association, the plaintiffs accepted an ASSIGNMENT of proceeds and signed a form releasing me and my LLC from liability in exchange for the right to go after the insurance companies themselves. 

I’m continuing to work with the tenant, but we’ll be approaching two weeks late with no signs of plans to pay.

Hello, I own a property with someone else but they have been MIA, what can I do if we have papers to sign?

In either instance, you were able to use the cash out for something and if you had left the interest rate alone, over time you would come out ahead (unless of course he put you into an interest only loan or something crazy).You're right that refinancing so many times can eat up your principal and since you were the one that signed the papers, it is your fault, but I stand by the assertion that no one got rich on one point.Stephanie