His wife and child may be moving as well in a few months. 

Hey Mik, I have a condo as well and have thought about converting it into a MTR or STR but the restrictions by the condo association completely prevent this.

Hope life and business is going well for you.  

There are plenty of transient markets in Florida where the supply of median home priced properties can cash flow well but it would make no sense to purchase a luxury property in that market. 

Thank you Yosef for sharing your story and knowledge. 

The security deposit should be paid upon closing to you to hold as the new landlord because you inherit those tenants and the lease should be signed over to you as well at closing.

This will help you to build your systems out as well.

I invest in the area as well and would love to connect!

My name is Jonah Rupe, I go to school here in Lubbock at Texas Tech University getting my BBA with a concentration in project management as well as a construction engineering minor.

The property we invested in is in Texas, and we feel it has not been well-managed.