@Nanci Janes No, the tenants have been there for 4 months.

What happens is John & Jane Doe, John is a plumber with his own 1 man operation subing for everyone and always maximized write off's, Jane does daycare from home as a cash operation.

Originally posted by @Jane Nnaji:        So, my first property in my REI journey is a house hack.  2 weeks ago i signed a lease with a tenant and i literally got a call while i'm out of town that he is going to be breaking the lease.

@Jane ParkThe only person that can really answer this accurately is someone that invests in ALL 3 markets lol!

Jane A.

Jane, if your buying the property you need to go to closing for the transaction, there are tax reports to generate, disclosures and other documents required under Texas law.

But if you cannot cash flow and you are not going to live in it in the hear future to take advantage of the tax shelter, I would go with @Joe Villeneuve and @Jane A. and take my lumps...Let us know what you end up doing,-Arlen

In all fairness, I am seeing a big drop in occupancy rates for the average Joe and Jane landlords.

If you are going for a "plain jane" conforming residential loan, I'd  go with a lender that didn't charge you any points.  

@Jane Ng there are plenty of successful investors who accept housing vouchers.