Then offer that rate to the current tenant with the PM’s lease to get out of any errors in the old lease.if they move out fix it up, take pix, advertise, and move on. 

This is how my parents rented for decades when we lost our first house after my father became sick, giving us an education beyond our house buying ability.The houses in these areas always multiple offers and the financing I have set up requires a seller concession of 2%.

@Rachel Jones copy & paste from our site:A bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.

Appreciate the quick reply and kind offer

The title company itself has lawyers and people who make sure you are covered in the legal aspects.

Make your cash-offers, remodel/value add (ideally), and then cash-out into a fixed rate.  

The tenant offered from the outset to pay for it, no issues.

The rate difference between FHA and Conventional is actually over 1% right now for Multi family propertiesCurrently the rate offered is 6.75% and 193/m in PMI (private mortgage insurance)That makes the payment with taxes and insurance roughly:$3453/monthTaxes were $3820, and insurance is $1800/yrCurrently this building can rent each 2 bed unit for up to $1800/m with tenants paying all utilities.All in cost to close is: $71,414.64If you rent both units for $1800/m you can expect gross cash flow of $147/mThis is the reality of buying a turn key duplex in the area using todays rates and prices.I want to stress, that this is actually considered a great property and deal in todays market for the areaYes, prices are high, and so area rates...My goal is to show what is actually going on.

This company offers a list of top-performing cities, including several in Florida.

Even if it has to be built abroad to avoid some of the legal risk that has.