Yes there might be lenders who would still give you a loan but it will limit your choices.

If you feel they won't be agreeable, you have to give them sufficient notice.

The people I did talk to about it are landlords by choice; didn’t do the research; and don’t enjoy it to say the least.

Vernon is not the most logical choice in the area however, We are nervous enough being our first property, keeping it close to home so that we can learn how to be managers and owners at the same time brings us both much needed comfort.Going forward, after we are comfortable with this unit we plan on focusing on the Indianapolis are since our daughter and her family live there.Again, thank you for all of the time that you have devoted to this property.

@Ahmed Youssef  It is your money and your choice, but why would you buy something worth $120K for $129K?

Armadillo seemed the best choice at the time.

I would say that's a choice and depends on your strategy - I would not be happy if a property I bought ten years ago is worth the same.

We want to create an LLC in future, but for now, do tenants have to make check payable to both of us, or is one sufficient?  

If you ban pets altogether, you have no choice but to file for eviction after a notice to cure, or not enforce that part of your lease. 

So you are thinking if they leave the lease agreement early then we will have no choice but to find a renter to replace them, instead of a buyer, as we would have if they stayed until the end of the lease agreement?