Unfortunately, you have no power over the tenant until you own the property.

I would definitely pull up Excel and do some of your own calculations to figure out how things will look.

Feel free to shoot me a message and we can talk through what has and hasn't worked for us in the Lubbock market and come up with a strategy to get it rented so you can stop eating those holding costs every month.Cheers!

He would show up, realize he didn't like the view of the water tower half a block away and back out.- Getting under contract and then reducing the price because of findings is common, but major reductions are likely to tick off the seller unless you have strong justification.

Are you suggesting the Regs would not hold up?

All the adjacent counties?

My accountant told me that I needed to move the property into the LLC (change the title/deed) for the property to be considered a rental. 

You need to drive short distance on private street and then up ~150’ driveway.  

Either way, congrats on the home run of this purchase!

Water from the well has sediments and water forms a yellow lining in toilet.