The tenants want to stay, but I can't say they would be my first choice.

U just need a set fee.just like when realtors or wholesaler want to sell low value assets they put a set fee on it.so take a 40k loan how can anyone stay in business at 2 points and few set up fee.s  that not much more than 1k.. and if the loan went bad you would be out a ton of money..  

Stay conservative with your underwriting and act when it makes sense.

I don’t even manage the property and still have to constantly deal with it. 1031 will be the move.I own a house in close proximity as well.I would love to get another property, (preferably a duplex but adaptable) near the beach area.My goal is to start making more passive income and grow a sustainable Real Estate portfolio.Adaptable as I mentoined: to move Into the prospects of MultIfamIy dwellIngs or flIps when comfortable.I like meeting people and am constantly learning new processes.

Feel free to connect so we stay in contact till then Happy Investing!

I was wondering if this will affect me negatively when applying for a job and if I’m better off staying self employed until I find a property and my loan is squared away.

He eats with them, visits, but only stays the night occasionally.

I could use some guidance here.I'm looking at a scenario and I'm new, so any ideas or inputs would  be great.I know a guy ready to give his house over to the bank because he is going broke.I'd like to try and buy his house for a great deal and make it a rental and I'm trying to think of the best technique. since Interest rates are high right now, I dont wanna open a new loan and get locked in at a high interest rate on a potentially long loan. so I was thinking about that promissory note idea. where I promise him to pay his loan payment and it stays in his name, assuming he has a better interest rate than what I could get. any ideas on that tactic?

If you marry and stay with the wrong person, you sabotage your chances almost entirely.The media always highlights colorful outliers among millionaires like movie stars and business tycoons.

Can I somehow stay on as a personal guarantor of the loan but still have the protection of an LLC?