Worst part is the court is intentionally enabling him.

In some commercial and most industrial verbal negotiations almost always happen before a non binding letter of intent is drafted. 

@Tony Han I’m still not decided on the whole turnkey vs. build-a-team on the ground approach... its actually one of the main questions I have right now.

The killer is when they want you to do something you didn't have planned, like move the electric meters off the rear enclosed porch where they've been for the past 75 years to a brick portion of the main building.

Mainly because tenants really did have major issues with actually receiving the bill.

We are currently seeking some buy and hold rental investment properties, mainly small multi-family properties or single-family homes in the St.

I am mainly interested in rental properties that are NOT turn key.

This limits my ability to see if they are employed, any information on prior rental history, criminal history etc.I planned to ask the owner to get them to sign a month to month and tell them that my intention is not to put them out after each month (which it isn't) but in case things go bad I do not want to endure it for a year.

Although, sometimes you are required to negotiate with the bank, or at least let them know of your intent to pay what is owed.

For what it's worth, I have loans in my portfolio I completely charged off in 2011-2014. in 2018, I'm sending intent to foreclose notices because values have come back.