The excess we save and if we have vacancy or repairs, we got cash to handle.

I list with a great local realtor and he handles everything.

I reside in Hickory, NC and I wanted to know if anyone could point me in the right direction in regards to title companines/closing attorneys that handles assignments and assigning contracts.

Good evening. We inherited a tenant when a seller signed a one-year lease on a vacant unit two days before our closing. We expected the unit to be vacant at closing and were in for quite a surprise. We decided to give...

House hack it to significanlty reduce your monthly expenses. 

the building is still under his name and would go to his heirs, sounds like the 3 of you would be running the property for him while he makes the money. if you entered into this there would have to be some kind of agreement that you take part ownership. on the other hand, this would also be a great way for the 3 of you to learn about real estate and tenants, yet be able to walk away if you can not handle it.

When we moved in they had put brand new carpet in, But the place needed little things like door handles on doors and to be cleaned (it wasn’t cleaned professionally because G had her husband do it to save money).

So it will benefit you to do as much house hacking as you can to reduce your loan.

I would likely need to use the same VA over and over again to keep a regular cycle of mail going as well as reducing the time to retrain on how i want my forms updated.

The big take away here is that it will greatly help you get a handle on your business by allowing you to see the big picture and zooming into the details.