Finally received a text from tenant telling me I can terminate the lease and yet, no rent.

Also, how long do you have to live in the multi family unit so you can receive the loan?

The lessee is responsible to the lessor for any rent that the lessor did not receive.

@Johnbritt Thanks for the reply, can I ask what ere the refinance returns that this investor received.

Some of the more high volume investors will have at least one part time person helping them out like a book keeper, maintenance call service or someone to help with scanning/sorting documents.

Instead, the email dialogue went like this: Roofstock Zack “Roofstock will notify your property manager that your property has closed and transfer all documents such as tenant contact information, lease, ledger, and final HUD.”

@Andrew NealHere is something I learned and am looking to implement once the opportunity presents itself:Create an LLC and have the LLC lend you a mortgage on the property you are receiving.

It will be based off of the documents you sign.

For example, if one couple complains because you chose the older single person, you show them how they did not fit according to your written standards, or why the single person was the better choice according to your standards. never make a decision based upon a tenant being a member of a protected class, but never be afraid to deny an applicant who is a member of a protected class because you will have documentation to back up your decisions.

I received quotes ranging from $2300.00 to $7500.00.