If you are required to give any personal notice then make a new lease to the person behind the door.Having two individuals who are not married can present problems as to who can be made to pay for damages, it may be equally between them, not good, or it could be either one being fully liable, taht will come down to state law and local custom to how a judge thinks.I have had many college students and this is commonly arranged in this area.

Both quality individuals.

If so, I'll move this over to the bulk REO forum.Second, and more personally, I'd love to hear some clues about how to get on individual REOs more quickly.

There will always be that individual that wants some one else to make the money for them.Have I made $5K in 20 minutes on one deal???

Newbie here and suspicious of a "great offer"Hippoze is the primary LLC formed for the purpose of purchasing, managing and selling real estate.Smaller feeder LLCs managed by GM's will have their own LLC under the mother ship HBI.Smaller LLC's run by a GM offer this "opportunity" to friends and family.Hippoze LLC would be the title owners.They are "Hoping" to refinance in 1-3 years but an investment period of 10 years is desired, It is up to the discretion of the GM what to do with the returned moneys, 1) reinvest with HBI 2) reinvest with another NON HBI investment 3) return to the individual investors.Depreciation and profit will be passed down to the LLC and investors through K1s.This is the small of it, our investment would be around $10K and each LLC will be $50K to 250K, supposedly the GM for our LLC has a substantial investment ready to go.

Do you have a proof of funds that indicates you have the cash available (in a bank account that's in your name)?

He said cash flow, he did not indicate specifically profit.I looked at it like this:$1,000,000 / 12 months = 83,334 per month in cash flow.3 bedroom SFHs in my area are running around 40-50k and rent 1100-1200/mSo, 83,334 / 1150= 73 (rounded up)73 * 40 = 2,920,00073 * 50 = 3,650,000At least between there if you're look at my amounts as far as paying cash.

Is it just the fact that it may be an indicator of being a motivated seller or is there something in particular I am missing?

We recently sold our condo and decided to ask our real estate agent to indicate that we weren't going to consider offers for the first week of the listing.

And, as Jon indicated, in my area, permits can only be pulled by licensed GCs.So, when we need to pull permits on jobs where we wouldn't otherwise have a GC, we have a GC that will pull the permits, check in on work and call in for inspections for a flat fee per project ($1000-1500, depending on the number of inspections).It's a good deal for him (only a couple hours of work) and a good deal for us, though he obviously needs to trust that we'll do everything to code and in a workman-like manner...