Doing your homework, checking everything carefully, and planning well can help you avoid big mistakes.The best place to put your money depends on things like how the market is doing, what's happening in the economy, what you want to achieve, how much risk you can handle, and what you like.

-we have planned renovations and a long term tenant in place for this unit so we need to act as fast as possible.Thanks in advanceYes, check your landlord tenant code for your state. 

Then I became the guy collecting the check long before the term house hack was coined.

I’m close to calling LE regardless to check as he’s not willing to be a decent neighbor and work with us.We received our first complaint about it tonight from a renter which I knew would happen sooner or later. 

@Reagan Clo sounds very suspect, especially as it’s usually very easy to check ownership through online public records, unless you own them in a LLC or trust where your name is not in the title, which you usually do for privacy, not to then hand out copies to strangers.

I'll check with my accountant to be sure.  

@Zachary BuhlerI listen to him most nights and he regularly tells people to sell the income property.

Do you still use a regular purchase and sale agreement with the original seller with any included addendums specifically for wholesaling, and are you legally required to verbally disclose to the seller and buyer or do these disclosures just have to be in the contract itself?

If you're open to the idea of OOS investing, check out the Ohio markets (Columbus, Cleveland, Cincinnati, Toledo, ect.)

Even if he is upside down on it, he has to then not have the resources to cut a check at closing to get out from under it.We don't say it out loud very often, but a sub to transaction is a bad deal for a seller.