(The big why)-They have established relationships with local banks, contractors, attorneys, accountants, and others.

When the new property is stabilized and cash flow is established you can then focus on buying down the equity position. 

Either way, I believe it is all a gamble if the redevelopment plan comes to fruition or not.  

TK is a great way to get started working with an established team, especially if you are considering investing OOS for better returns. 

A lot happens behind-the-scenes, so the established relationship there is paramount to smooth communication and an efficient transaction between the buyer and the seller.

Once panel is installed, Landlord will provide written notice and Tenant shall have five business days to establish their own utility account.

As my GC says: "if it's stood straight and true for the last 100 years, it'll probably make it at least another 25".Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).Good luck out there!

(Before that I was a bartender at the same establishment for 8 years).

Thanks Ken,Hi Suvir,I'm happy to help.I've been living in the US for almost 5 years and have done 400+ deals.I also run a cool turnkey company called Ohio Cashflow and we have established a great reputation over the years wth helping out of state and country investors enter the real estate investment game.Thanks and don't hesitate to reach out

Quote from @Frank Jennings: Start the eviction process. https://www.nolo.com/legal-enc...I would reach out to the Tenant, in writing, with a list of the violations (failure to pay rent, failure to pay deposit, failure to establish and maintain electric).