Once all efforts on the part of the homeowner to mitigate (lessen) damages and has given the GC any and every chance to perform fail, then write another letter as a last-ditch effort to let them know they are within "material breach" of the contract.

I am in the process of purchasing properties that are currently under contract with a PM company. I have asked several times for that contract to make sure I will not be bound to use them. The properties are in a comp...

Inherited tenants are a nightmare mixed with covid ie evictions but Im making it work.

Purchase price: $159,000 Cash invested: $53,000 2nd triplex, no rehab, inherited tenants, cash flows $1,000 per month What made you interested in investing in this type of deal?

I inherited this tenant when I bought the property in Dec 2019.

Backstory - I just recently bought a property in Westchester, NY and inherited a Section 8 tenant.

I recently purchased a duplex on a fairly nice street and inherited the tenants from the previous owner.

Are you talking about the step up basis that comes from an inheritance?

This would be my first deal but since I have family in the area it would lessen my anxiety about investing out of state.

He or she will just need to give the tenant appropriate time that the lease will not renew (again, there are state laws that say give you time parameters as to when this needs to be done).Inheriting tenants creates an arduous process for all involved, especially when it's put on your plate.