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.

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.

That is why the heat method is becoming more popular. 

But I’m pretty much trying to follow the brrr method thanks in advance for your time.

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.

I met a buy & hold investor the other day and I'm challenging myself to find him a good deal and get myself started with wholesaling, but I first need to be aware of methods for sifting through foreclosure deals to find ones that investors will actually buy.I need clean titles!

I plan on providing them notice that they need to have anything out by XXX date so we can start renovations.ConstructionI am in construction so I am well informed on construction means and methods as well as contractual documentation. 

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?

@Mark Doty If the 10 investors that you are wanting to bring in on the deal are going to just provide money and nothing else then you would be needing to discuss this in more detail with an SEC attorney as you are now selling a security which is why it would be considered a syndication at that point.