You may have told them a lot of things.....but all that matters is the language of the contract you signed.

Inspection was done yesterday and I am waiting on official report, but my Inspector did note that the electrical system will likely need update for insurability ("educated" guess 5k for complete rewire). 

Where would this language typically be in a PPM, and what language have you typically seen in offerings that spells this out? 

And I’m fairly certain it wouldn’t meet the definition of a commercial loan in his state, especially considering the very first line of the proposed loan language refers to it as a “personal loan”

With more than 10,000 businesses closing and more on the way, the second covid shutdown coming, over 1 million unemployment claims per week with total claims in the last 17 weeks of 51.3 million, and an official unemployment rate of 11% and real unemployment rate somewhere between 20 and 30%, and 4.1 million loans in forbearance = 8.2% of all mortgages, output is 11% lower than December of 2019, plus pending social unrest from either way the election goes, the whole system is unstable.

I am enrolled in a Real Estate school, hoping to be officially licensed by October.

Regarding this language: "MINIMUM PAYMENT.

And water would easily be separate too.According to previous landlord, water for the tenants runs around $140 (quarterly).Just curious as to do research it seems like a lot of people either factor it all in rent or just strictly pay water.As for lease we will officially be starting one in a month under our ownership.

Sound carries and our neighbor is growing increasingly frustrated by the loud music, profane language, and general disruption of the mountain nights by our renters.How would you handle this?

@Brandy Smith, the 1031 exchange will officially start with the closing of the sale of your old property.