If you are really going to settle on this property - you could ask the owner to give them a 60 day notice of rent increase - send this notice effect September 1st, (don't miss this mailing) raise the rent to the number you want - if the tenant agrees to accept the rent increase - great - if not - you would be in a position to eviction them based on the non-payment of the increase or they will just move - you may want to say in that increase rent notice that there are plans to improve their living conditions, supply new appliances and whatever you plan to do.Do this will help get what you want without vacancies and still have a tenant who will be happy to comply to the increase.Cash flow is King - don't kill the King.Charles

I could bring a strong positive presence to your business and help ease some of the workload.

I so appreciate everyone's feedback here!

However I have been in the same position before looking for a builder.

I found myself in a similar position during college.

I personally would lean more towards Shawnee if I was in your position because it seems like the upside potential in that market is higher.

Depending on the neighbors,  i think that'd be the easiest and best option,  to protect yourself, and keep a positive relationship.. if you go there and tell them you're tearing it down b/c it's legally yours, well you or may not be right.  

Hi all,So I have an off market deal in my 16801 market that I want to go in on as a buy and hold due to the ability to make it cash flow positive way higher than it currently is, hopefully on day 1 but at the worst within the 1st month.

If the homes underwater and you want to acquire the home in a equitable position, a short sale is the way to go.If it makes sense to acquire the home subject-to then that would be something to consider.

My coworker believes the house will be listed between 215-235k.Any feedback is greatly appreciated!!