Plus, his course is one of the lowest cost I have seen offered locally.Mr.Johnson is an humble, respectable and genuine gentleman I ever met.

I guess the worse thing for you would be if they fulfill their lease obligation and then at move out you recognize the place is trashed. 

Now that we are playing the waiting to close (on the house) game I started looking into house we are going to recognize the gains, if any, on the property. 

First, let me say I'm not a lawyer, so in your hypothetical example your first call after talking to the tenant should be to an experienced landlord-tenant attorney in Georgia.Here's a great summary of the federal Protecting Tenants at Foreclosure Act of 2009 (PTFA), to which you are referring.That all said, there are a few reasons this worst-case scenario is not worth too much worry:No (sane) landlord is ever going to give an arm's-length tenant a 15-year lease for a fixed rent amount, and if they aren't arm's-length then PTFA doesn't require you to recognize that 15-year term.PTFA has a provision that the rent cannot be substantially less than fair market rent, and odds are good that won't be the case.I've never met a tenant who couldn't be persuaded to leave with financial incentives.

LP provides Canadians with a "tax break", but, because LLCs do not exist in Canada, the CRA treats them corporations and does not recognize an LLC as a flow-through entity.  

Thought I recognized that Jensen studio equipment that your wearing..lol.   

I think it's important to stay abreast of the real estate market to be able to recognize that deal when you see it and be in a position to act quickly.

and they will open it.Others will recognize spam mail instantly, and throw it away.

Huntsville is on the move and although deals are harder to find (especially flips), buy and hold seems to be strong and all indications show it will be for quite some time.Job growth, nationally recognized cost of living scores and rent and property value appreciations are a few important indicators that Huntsville is a win. 

And we're definitely trying to enter into the market in a way that could give us an advantage, as we recognize too that there is just so much investor traffic in the SFH space (especially in some markets) since the 2008 recession.Really appreciate your feedback here!