I guess I will hold what I go and hope for the best.

Its important for the audience to know you did not buy turn key... the seller maybe you got with a marketing company .. but true turnkey would have the home completely remodeled then a new VETTED tenant would go in.. there would be no hold over bad tenant like your experiencing.. someone has done you  a really bad deed here.  

We offer fix and flip financing to 90% of the purchase price (not to exceed 80% of the current as is value)Rehab hold back to 100%Points will not exceed 4.  

My thought is to pay out the owner in 2 years, hold for another 3 while fixing it up out of cash flow, and sell for a nice profit after 5 years.As always, any input is greatly appreciated!

@Joseph Brantley,I do wholesales, flips, and holds in NE Ohio.The main thing is analyzing deals properly.

One said, if you write in a late fee and the tenant signs it, it will hold up.

Long time lurker, first time poster.Over the last 18 months I've purchased 4 buy and hold properties and I just signed a purchase agreement for my 5th, a duplex is Grand Rapids, Michigan.Every property I've purchased cash flows well and I'd like to keep snapping up as many as possible.

Mainly have owned Multi Units both on the hold side as well as the Flip side.We are thinking Mid-West, Texas and Phoenix at this point but that could change by January.I will keep in touch.Brian

I am in the buy and hold niche but have run across a property that I don't want to bring under that umbrella.

Now its time to really get started.My overall goals are to build sustainable wealth with real estate while providing a service to the general population in the form of property recycling (bring properties back to usable form for the public) and buy and hold rentals (providing solid housing for people and families).As far as progress, my wife and I are currently in our first house hack - living in, refurb, plan to rent.