I'll explain...When you purchase a property with existing tenants, who have a lease in place (in MN you can also have verbal leases), you'll inherit those tenants and the leases they signed with the seller on closing day. 

 is it short sale agent or short sale attorney?

Use this information to further your tenant screening procedure.You should also get emergency contact information for both a family contact and a close personal friend in the event the tenant(s) are absent and you need to contact them.

Best practice is to stay very close to market rates.

Or close enough. 

If they can't close on their house, they will have to figure out a temporary solution.

While it only returns 5.23% currently, it provides a great cushion allowing sufficient time to wait out a crash without having to resort to selling properties at inopportune times - at fire sale prices.5- I keep a large part of my portfolio in high yielding notes secured by real property - and while I want every loan to make payments as agreed, my experience indicates that a certain percentage will default with me owning the property during periods of economic contraction.

I’m in the same boat - chatted with VestRight sales, got interested in joining, and started looking for real life reviews to reach final decision as the program cost is not cheap for me.Wondering what was your decision?

Hi Brittany , Unfortunately for primary rresidence lending you have to intend on moving in within 2 months of closing on the property.Now for value add houshacking it's sort of a hybrid of the live-in flip and House hack.

I then can sell that land at a 50% discount for a quick cash sale. took 6 months. that's a good return.