If I buy a property with tenant in place, do I need to inherit the existing lease terms?

Opt for landlord-specific coverage: Ensure you have a policy specifically designed for landlords, which may offer better rates and coverage tailored to your needs.3.

Remember, hard money loans are typically short-term (3-18 months), so make sure your flip timeline aligns with the loan terms.

I also wouldn’t even know where or how to start with seller financing, how to come up with the terms, etc.

I have used the bigger pockets residential lease for long term tenants but doesn’t seem to be for month to month any and all suggestions would help! 

In this section, I want to emphasize the benefits of seller carry financing, share success stories where it enhanced the deal, and highlight the tax advantages of utilizing a 1031 exchange.Seller carry financing is a powerful tool that allows investors to purchase properties with flexible terms and minimal upfront capital.

This will be a long term rental that we plan to keep for many years. 

Some details on the deal below:Mortgage rate on the property: 3%Monthly mortgage payment: $1200Amount owed on mortgage: $230KCurrent property value: $370KEquity: $140KDue to the low mortgage payment and high rent potential in this neighborhood I would like to assume this loan and rent this property out as a long term rental. 

We are looking to buy multifamily properties and get away from long term single family rental houses.

San Antonio has been one of the cities with the largest increase in short-term rentals in recent years.