Next, if your aim is to do development, I think its very important to start off with a vision.

Once you add up the lost rents, damages, and increased liabilities this tenant brings you're better off starting proceedings now.Another option?

If you do not have the means to pay off a loan that did get called, then you should think twice about it. 

So I pull up some neighboring comps, hoping that if I add the 5 comps to MM, that screen will no longer pop up and then I can then turn off the toggle switch. 

You have the right idea to get your investment portfolio off the ground.

In some states if the previous owner doesn't pay, then you can foreclose, but at that point you haven't made anything and then will have the expense to foreclose...and in some places you may also have to pay off all the years of previous liens.Buying land vs houses. 

Also the property rents for 2K and has good cash flow.Hey Mikal - that deal would be pretty easily done as a DSCR but the main reason you would want to go that route is if you want to 1) put title in an LLC for asset protection 2) qualify off the property's income and not your personal DTI 3) keep this mortgage off your personal record so you can qualify for another conventional loan down the road

I will be refinancing two off my five properties to get cash out to buy another asset.

However, in this case, heirs can cut me off once they have the property.

Remote control and locable thermostates,  water leak detetors and main cut offs.