Some of them will simply walk away, leaving you the property that YOU now have to sell and hopefully get your money back.

We would love to connect with other local investors like yourself to grow business, share insights, and simply do more deals.

@David TiemannIf they are month-2-month can you not simply terminate the lease in your jurisdiction ( i.e. serve them a Notice of Termination now and they will be out by June 30)?

However, since an LLC is simply an entity, I can’t see why the state of inception makes a difference.  

Don't cut your expenses short or repairs short.

Well that’s kinda cut and dry but also hard to say.

@Freddy Hernandez Great questions. 1) Do you have to wait for a refi - Most banks will have a seasoning period of between 6 months to 12 months where you cannot refinance or only can refinance at the purchase price of the property.2) There are two limits on mortgages - Some banks will cut you off at 4, which is typically a Freddie/Fannie restriction.

I've noticed that the houses I've looked at have been on the market for awhile now, some with price cuts.

He tells you there isn't any shortcut and that you need to budget, save, cut down on debt, follow the baby steps. 

Russel, our grandfathers were cut from the same cloth which probably feeds into an investment mindset that leans toward being conservative.