Some loan docs clearly define what are "Permitted Transfers", and anything other that those could be an event of default.I'll let someone with more experience on the matter correct me if I am mistaken.  

Certainly there is a ratio for each property that defines whether it will be cash flow positive. 

My attorney has defined many items on the draft purchase agreement and deed (both parties looking at draft now).

1) Start by house hacking a multi, this is a low risk way to learn2) Focus on building relationships and getting good at finding deals3) Define a production line process from acquisitions through rehab and dispositionGet all of these right and the money will find you.

If you can define the endpoint of how you want your life to look in the future, your brain can help you start building a roadmap and get you there so much faster.  

Depending on the answers it becomes pretty clear what to do.Sadly I meet a lot of people who have a broad range of ideas and intentions.If you like I would be happy to have a free strategy call to discuss what your goals are and what I would suggest based on that.Please PM me if you are interested.

The key is to define what makes a deal good and stick to that.  

@Kelli StandekarI definately would ask for the 10K.  

You definately need to have a discussion with the tenant about why the tenant thought that was acceptable...without billing them for shed rent.

This question is broad and you will inevitably get generic answers that won’t help you.