Hi @Teri Waldrop, have you had a chance to attend any of the Atlanta meet-ups?  

I see tenants as customers and try to do what I can to keep them happy within reason.I should say my wife is the caretaker of our tenants, she knows how to work with tenants with payment problems.I can refer some folks to you; we have been using a Landlord service for years, no need to attend rent court, it is worth the few bucks that they charge.Where is your rental?

I have seen some rental agreements that specifically address what happens in the event of a sale, often times, with certain rights of the buyer to terminate.

Straight out of high school I served in the military and then spent the past 10 years working in IT.I have finally reached a point where I’m tired of working for the corporate industry on a limited salary while doing nothing for my retirement.For the past year I’ve been watching house flipping shows and decided I wanted to give it a try.Six months ago I bought my first house with a 203k loan that I’m currently living in so I could get some experience.I paid $167,500 for the house and took out $35,000 with the 203k.The house was a probate that had been abandoned for 5 years.Half the house was on a concrete slab that had sunk about 4” in the middle and it was completely outdated.We removed 2 load bearing walls to open up the kitchen, knocked out the back wall, built a new subfloor, and put up a 4 panel sliding glass door to let in some sun light.We installed porcelain tile in the kitchen, stainless steel appliances, new cabinets and quartz counters as well as recessed lighting.We fixed the foundation problems by mudjacking to raise the floors and carpeted the back 3 rooms that sat on top of the slab.As you can imagine we ran through the $35,000 quickly.The 2 bathrooms are still outdated and the house needs new siding.After the renovation we had it reappraised (per the 203k loan agreement) and they said it was worth $215,000.About 3 months after the renovation I attended a 3 day Fortune Builders seminar and come to a realization I probably could have saved about $20,000 if I had systems and processes to follow before I purchased the house.After listening to BP podcasts and hear other people’s experiences I’m quite fortunate I didn’t lose money.This sums up my real estate investing experience.

I'm worried about, in the event of an eviction, how would the sheriff be told to only evict the tenant in the in-law suite, not the tenant in the main house, or visa-versa, when there is only one address? 

Would love to attend a meetup group of local BP'ers as well!

I still have yet to attend a networking event this coming December so definitely excited about that.

That means a proper business entity structure to insulate you from as much liability as possible in the event of a lawsuit.

I would recommend attending local meetups and making connections within your industry.Just keep at it and you will find some good deals.

(Comes from our common law heritage)  Typically equity of redemption refers to prior to the sale event and a right of redemption is post sale.