Hi guys If a tenant signed a years lease for September and then there are issues with section 8 and they moved in a month later in October do you create an addendum that changes the entire lease term or just change the end date of the lease.

By having more tenants there are more eyes to watch for issues that may pop up, more people paying rent, and if you have one of the units vacant for a bit, it will not hurt the bank as bad as it would if you only have two tenants in the building and one of them left.   

Yes DTI maybe an issue if you stick with traditional bank financing.

The issue with using comps on any type of software, especially propstream or dealmachine is that they tend to use an "estimated value" of the homes that they are using for comps, not actually comparing to what has sold recently in the area or what is currently listed, not accounting for DOM (day on market) or other market shifts that play into realistic valuation of a property.

Weed is still not legal in my state.

If they are not aware of the sale, there may be issues when they see the named insured has changed to you or the LLC.If the old owner still has title, you may need two policies.  

Obviously if you get seller financing that won't be an issue. 

naw don't be worry we file claims against guest with vrbo and airbnb and no issues.

Legal Compliance: Ensure you're on top of zoning laws, landlord-tenant laws, and that your contracts are solid.

Legal Compliance: Ensure you're on top of zoning laws, landlord-tenant laws, and that your contracts are solid.