If your lease contract is much more thorough and comprehensive than the lease they're on now, you may want to try having the current residents sign a new lease using your contract (you would probably need a mutual termination agreement as well to void out the existing lease; again, I'm not a lawyer, so definitely worth consulting one!).

@Joe Henry, LAWYER LAWYER LAWYER!

Anyone have a good title company /RE Lawyer in the Portland area they suggest for wholesale transactions?

This may be more of a question for a lawyer, but from a tax perspective, that's my input.It's also worth looking at the sec. 121 home sale gain exclusion to see if it might be something you qualify for in order to take advantage of the exclusion amount since you mentioned it was a previous primary residence.

There are three or four lawyers in Hamilton County that have a regular eviction docket.

So although the common wisdom or recommendation is to talk to a lawyer (which I did) I'm getting conflicting advice on this whole issue of Wyoming LLCs and the level of protection and anonymity they actually provide.

How long from the time of application and until getting the funds.Me and my delinquent tenant filled out the paper work May 9th right before closing of the program and it still says ready for review.I am in eviction court as we speak and just got done with the 28day ERP BS and to be honest if I had to do it all over again I would have filed earlier and used a lawyer.

I know a lawyer in Texas who is happy every time she receives a call from investors because she will go after them.She is crazy because she is an investor, too, but I guess she found a way to make money, which is ridiculous 

Hired a lawyer to handle it.

That's why I tell my clients (and for my personal properties), only to rent to someone who can be garnished down the road.If you need a lawyer for all this is a personal decision.