Thats what I see most of the time.You are not doing something wrong you are trying to protect yourself and to avoid any title problems in the future.Basically you are buying the property that simple.I'd call the county clerk and ask about which site to use to search the records...that way you can do your own search not saying professionally but at least sometime you can find some liens on any property interested in like labor liens, child support, abstract judgments...etc could save you some time and $$$ by filtering your targeted properties before doing the title search through title abstractor.Some times I offer the former owners some time to leave like few weeks so I dont need to pay them alot and get them sign a short term lease with zero rent with waving their rights to fight any eviction and giving me the right to get the writ of possession right a way once the short term lease ends without giving them any eviction notice.Hope that helps.Good luck to all

I wouldn't touch the ones with less than 5% rate either - you will not get better loans nowadays and likely in the future - might as well leave them alone. 4.

It has no bering for the tenant in choosing to voluntarily leave or be evicted.

Grow a thick skin, don’t feed the trolls, as we say in gaming ;-) , and push forward.

I also have recently decide to use the BP lease and after spending time going over it, in my opinion its great option for new landlords and bargain on top of that.This morning while leaving my property I notice some cigarette butts outside the rentals garage.

A couple of the tenants simply left with cash in pocket (and only paid once they leave the property, a common mistake made by good hearted investors).

I'm all about leaving lots of cushion as a sort of insurance to make sure I keep myself relatively secure so I'll keep in mind possibly raising those percentages a bit.

If he leaves again, will it have the same impact, better, worse, or no impact?

I don’t mind leaving A BIT of my own equity into the property if it means breaking even or staying cash flow positive.

I don't know of anyone that would take on a recourse (or even a non-recourse) loan with someone who has no skin in the game.