I'm cheering you on Riley Hinshaw as long as your integrity remains of your purpose of the transaction (with or without disclosing your profit).

It does not require lawyers and is a common remedy for chasing tenant debt.If they are responsible individuals a small claims charge on there records will prevent them from getting loans, buying anything on credit or time payments etc.

Let them know that if it comes to that, they will be responsible for their share of the treatment costs as well as any legal fees and collections costs which will make it much more expensive.

Does anyone have any ideas on what a fair return  would be when apporaching certain family members or associates for the purpose of investing some extra money they have in my 1st buy and hold real estate purchase.  

Also because even on NNN leases sometimes the owner is responsible for let say paving the parking lot  or some other expenses.  

If you get a favorable response you could offer to write a new lease showing the longer move out date to the bank.

This is probably not the best way to file for tax purposes, as you will most likely owe more to the government each year.  

Hand written letters and addressed envelopes maybe 5% response.  

StevenThanks for your response!

For example, you could buy the house subject to the existing financing (i.e. taking over payments) with the understanding that she will be responsible for payments for up to the next three months while the house is fixed up or until you close.