Even finding 1 is tough in todays market, let alone 3!

We have only 2 criteria for the order we process applications: 1) nearest move in to the date unit is available to be rented 2) order that the completed applications are received.If we had a unit for rent that would be rent ready Jan 15 and have multiple applications, the application processed first is the one who can move in the fewest days after Jan 15.  

Evicting them, even after purchase, could be a lengthy and costly legal process.

The foreclosure process is not cheap or fast.

- Controlling costs for payroll processing, unemployment charges, workman's comp and liability insurance- Coordinating ServiceTech & tenant schedules for appointments--- There are several industry vendors that focus on just this!

In that case, would the renting process be a bridge to help you retain the home for future personal use? 

I was hoping I could get some more general information on how this whole process goes and to inform myself on the pros and cons given im a newbie and don’t know much.

Any guidance you can provide as we navigate this process would be incredibly valuable.Looking forward to connecting further!

I am in the process of closing a 1031 DST transaction with a "flat fee" broker.

.- increase in vacancy to 30%, 40%, 50% (this could be a combination of bad luck: one unit water damaged, one unit tenant trashed, and you have to evict two more - on a 10 unit portfolio that would be tough, even though only temporary)- lower rents (for whatever reason, what happens if rents go down 10% or 20%?)