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. 

Looking forward to connecting with others on the forums, continuing to learn, and contributing where I can.

Whether it is a DST or a NNN property or a TIC, they are all 1031 compliant  but give the exchanger the opportunity to move int passive assets while still getting the benefit of tax deferral and continuing depreciation and other benefits of real estate ownership.

Paying off a mortgage is a solid guaranteed investment at an interest rate higher than you can get from any AA investment (like a bond).One endorsement of 15-year loans is on BP podcast #279 starting at 5:10 and continuing for 

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