Assuming a mortgage is not a Sub2.Sub2 or taking title subject-to refers to taking over legal title to the property subject to the current financing, encumbrances, liens, etc.If the prior owner is now a leasee, hopefully you structured that well and setup and fund a new tenancy as soon as title transfers over to you so that the rights and duties of both parties were clearly laid out.If they arent in a contract any more you can give them a notice to vacate and the proper time to leave depending the local tenant landlord laws in your area.

At the time this duplex was built, Homestead, PA, just down the hill, had a population density comparable to that of the island of Manhattan today.

You can also compare your profit margins for each property with reports pulled from your software. 

Too risky to trust your money to any automated system.The sales comparable approach to value will dominate regardless of cash flow if it's a single family home or 1-4 units and is being financed. 

The previous owner took out a new mortgage  (300k) with the last bank that was assigned a mortgage prior to the sale.

Item (f)(5) (1) PLEASE PROVIDE PURCHASER(S)/BORROWER(S) NAME(S) SO THATWE MAY CONDUCT OFFICE OF FOREIGN ASSETS CONTROL SANCTION LIST SEARCHESPRIOR TO CLOSING.(2) PLEASE PROVIDE SOCIAL SECURITY NUMBER(S) FOR PURCHASER(S)/BORROWER(S)SO THAT WE MAY CONDUCT FEDERAL AND BANKRUPTCY SEARCHES PRIOR TO CLOSING.Item (f)(6) SATISFACTION AND RELEASE OF NOTICE OF FEDERAL TAX LIENAGAINST Minnie Mouse IN THE AMOUNT OF $51831.96, DATED 8-17-2010, RECORDED XXX  AS DOCUMENT NO. 123456789.

I currently work In the RAN (Royal Australian Nay) but within the next 2 months i'm going back to my prior AMAZING job (which sadly pays a little less as an outdoor educational instructor) Eventually i'd like to get to a stage where i'm pocketing enough through investment properties that my day job's income doesn't really matter and i can continue working where i love.I have just finished reading the Ultimate Beginner's Guide To Real Estate Investing which has given me plenty of ideas and as you can imagine even more questions.

This will insure title/permit searches are done properly and updated prior to closing.

I compare this to what a commercial building might do when an office tenant wants a buildout.

We must have the ability to access the property; with prior notes, in case of an emergency or maintenance issue.