made an offer on a property only to find out later that one of the units was going through an eviction.tried to extend our inspection contingency to no avail to buy us some timeended up not being able to come to terms on how to proceed with sellerthe last HOUR of our inspection contingency the seller offers to try and buy out (cash for keys) the tenant the next day (he had a property manager handling the eviction and wasn't even aware of it initially).i get a (risky) oral agreement that even though the contingency window had passed, if the plan falls through my client will still get their EMD back the next day the seller ends up buying out the tenant for a bit over $3,000 and now we can move forward with the deal without the headache of a problem teanant/ picking up an eviction.

The last step was to wire the EMD which was halted because of the call I received from the bank. 

Happy to connect and share ideas. 

Hello All, 1st time home buyer here - looking mainly in Fairfax/Arlington counties, with loudon being a last resort. 

I’m a total rookie, but I’m eager to learn how to create passive income and make smart investments.I’d love to connect with experienced investors and maybe even find a mentor who can help guide me along the way.

Last owner didn’t raise rent.

The frequency would be 3 calls a month that last 1.5-2 hours each.

Connect with @Christopher Price, he does STR in Seattle and can give you advice!

You should look into DSCR Loans - many investors like yourself typically move to this loan product once they max out with DTI/qualifying conventionally - a bit higher in rate than conventional mortgages - but no DTI ratio or tax returns/income verification makes a much easier qualification process and LLCs are 100% ok (even as sole owner) and actually often preferred.PS - published a 10-part article series here on BP last year on everything you'd want to know on these loan types - sharing links below, hope it can help!

This is why I never fill a vacancy until the unit is vacant because often times tenants have last minute changes in their plans and an average tenant may not have the ability to make alternate accommodations.If you are using the PA lease provided to realtors, check out paragraph 21 about holdover tenants.