If the lease says rent is due on the 1st, I would give her the option of following the lease or moving out.In the future, every offer to purchase a property with existing tenants should include a request for an estoppel.

With property tax adjustments and the mortgage company requesting an additional amount for possible future increases.

Welcome @Steeve KurianWhat kind of RE investing are you getting into?

Excited to start learning more about RE investment.

Hi All,I am a dormant RE investor with a few rental houses in Houston area and trying to get more active and scale up.

Biggest issue is the tax, its much higher than anticipated 50k as w depreciation recapture is 81k after i paid 5800 transfer tax at closing.. so thats a BIG problem and i want to make sure i pay minimum on that - use 10-20k upgrades i put in prior to selling, max out LLC this year to write all expenses off from it etc. - Any advice on how to offset that 80k tax?

The bank from my understanding will be writing off a loss on this loan as there is not enough money to go around.Here is where it gets interesting, there is a second lien on the properties from a seller of a hotel that the current owner of the 21 unit bought seller finance. obviously there is not enough money to get this guy paid off as the bank is already taking a loss.

Definitely could be a factor but I don't think Redfin and Zillow eliminate agency any time in the near future.

@Brett Dudley transaction costs (sales commission, etc) are expensive, and they will often exceed future maintenance costs.

Read as many RE books as you can get your hands on.