Instead, you may substitute (move) the collateral (property) and continue same terms of your loan to them.

All the best in your journey, and I hope that you continue to learn and grow through BP.

I have 4 deals under my belt (with a varying range of success) and have learned lessons from each.I’ve spent the last few years building my family and career and would now like to devote my energy into something that can finance my lifestyle without having to continue working for The Man.  

Of course, you could use it as a selling point to raise the rent because of your exclusive luxury spiritual embedded housing feature. 

She had been doing that for three years prior to this new PM taking over and just continued.

I live in and invest primarily in Pittsburgh, PA and while a few neighborhoods have appreciated quite a bit in the last few years, housing continues to be be very affordable.

His signature was on the lease dated 6/21, which was the same date they provided us the old lease - we assume to appear that they did not have the new lease upon request.Terms of the original lease provided to us on 6/21 for month to month leasing terms:- $1,200.00- Security deposit given- No smoking- Unit cannot be used to run business- One garage spotTerms of new lease provided 7/29 backdated to start lease term on 6/1- $1,200.00- No security desposit- Tenant can run business out of unit- Tenant has been and will continue to smoke in unit (no joke this is essentially how it was worded)- Tenant has the entire garage (two car garage)We signed the p&s with the contingency that no leases should be modified and no new leases would be signed unless we vetted the prospective tenant.We have been reading some forums and are wondering what our options are.

If you have done your homework and the property is sound, there should be nothing materially wrong such that a reasonable insurance policy would not cover.If you continue to do your homework and screen your tenants properly, you should have a low risk of them destroying the property that an insurance policy would not cover. 

Thank you for all of your responses, sounds like it would be best to continue looking for tenants. 

Our contributions “artificial cash flow” will continue indefinitely and we may get a little more creative with our next asset.