If there is an existing lender not agreeing in writing to accept payments from the LPO buyer, then you are in violation of the statute -- and it is a very toothy statute -- vs the seller/landlord side only thoughWe are getting ready to get one in place because the seller is demanding it and my client is the protected buyer.Yes -- you must vet your sub to buyers -- some should not be anywhere near a wrap transaction.Stay safe out thereAlan

Hello Mike, It is nearly impossible to answer this question without taking a deep dive on the numbers of each but often times in expensive markets like Seattle the cost of construction is so high that it doesn't make sense to tear it down unless you can build something way bigger/nicer.

So far I am happy with my property manager but constantly want to be on the lookout/speaking with other investors in Detroit about their experiences with their firms.

We will both keep our W2 employment for the near future just looking into getting an extra income or make our retirement easier.

Additionally, since my parents are nearing the retirement age, I'd like to prioritize low-debt, high-cashflow deals.

Nearly fourteen years later I would say it was well worth it.

These corporations may be large but nowhere near that.

Getting right to the purpose of my post, with all the relevant context: I’m 52 and living near Seattle.

I applaud you for putting it out there but 1) maintenance/cap ex is far too low for a duplex 2) no PM. 3) vacancy at 1% will be challenging if achieving near market rent.

Any tips on marketing or preparing a property near a military base for this kind of rental?