If it is a “regular” sale, all debts on the property get paid out of the seller’s proceeds.  

The total amount of damage is close to $18k, which far exceeds their security deposit.We sent an Invoice and broke down all the damages by line item and even gave them receipts for what we had and also estimates for the major items like damages to carpet (brand new and installed just prior to their tenancy) and major gouges and deep scratches in all major rooms (we have pictures of everything). 

  ( new construction)  My GC worked yesterday on our new build at 20 F st.. he said the town was abandoned and he got a lot done.. we had three under construction and got them boarded and secured.. but turned out not really needed don't know about high tide though.. 

Just be sure to document the agreement in a written document such as a "mutual agreement to terminate lease" (get an attorney to draft it) confirming the date they are vacating/surrendering the unit, and outlining what is to be done with the security deposit and any personal property left behind.

I'm not a big contributor but I'm a regular reader of the forums.

It is the later non-owner occupant ones that can get more challenging with loan limitations like having to use portfolio lenders after 10 loans on your social security number, DSCR, reserve requirements, etc.

Mortgage is an instrument used to secure the note, if you were buying a house, borrowing money for the purchase there would be a mortgage or a Trust Deed securing lender's interest, it is not applicable for the 401k participant loan.

First of all, you'll need all lease agreements, security deposits from the previous owners and whatever else might apply.Then you see how these tenants are doing - according to their lease.If they month by month already, you bring them an addendum about changing the landlord.

This is the first time I've heard of thisOhio has 30 days grace period after foreclosure sale: owner has the right to pay off all the debt and redeem the property.The investor get paid money back within a month or two, and if you borrowed cash to pay for the sale - too bad - you'll get only the principal, what you paid.I've got twice in such hassle: once on tax sale and once on regular residential sheriff sale

What are some little "inexpensive" add-on / upgrades can I do to the home help increase the rent while at the same time giving them the security that I am trying to make this place better for them?