When I acquire a new property with existing tenants, I always issue an "introduction letter" with some basic information regarding how to reach me and where to send the rent payment. 

A recent example is the introduction of radon gas leak prevention, we had some issues here to be dealt with before we can start the drywall.

Hello all. My name is Mike. I am a new investor in the OKC area. I have a contract on my first rental property in Guthrie. Closing is scheduled for 8/4. Trying to soak up as much info as I can before closing. I'd be i...

Years ago we went through the addendum and there are several paragraphs in the addendum that directly contradict the TREC contract as well as contradictory provisions in the addendum itselfAs someone who has bought properties from FNMA and HUD for more than 25 years, I am just giving real world advice that isnt intended for you specifically--Fnma does what the FNMA Asset manager at the time wants to do. they all do not interpret the contract the same way or even the same way on the next property. 

My name is Rapture and I making this introduction so that I can virtually meet many of you.

Hello Everyone! My name is Jared, I'm 21 years old living in the PNW. I'm active duty Navy andI'm stationed here on an aircraft carrier. Real estate has caught my attention for quite some time and now i'm excited to p...

Hello everyone, I'm 21 years old and living in Bremerton currently. I'm active duty Navy right now and one of my major goals is to become financially independent by the time I am a civilian again. Real estate has defi...

Let me know if you want me to make any introductions.

Greetings and hello Bigger Pockets Community. My name is Joe Colling. I am new to the Bigger Pockets community and therefore thought it ethical to introduce myself. <---- Not your average. :)Quick Summary:I am a p...

If you have a hard time affording the extra $7500 for the down payment, you may have an even harder time with 6 months of vacancy and an oppositional tenant, if things happen to work out like that.Other than that, I agree with @Ben Wilkins that you shouldn't count on any pet rent income or coin op income in your #s, and with @Josh Caldwell that a significant part of this decision should be whether you actually want to live in this property (for the 5 years of the loan assistance term).I don't think the #s are going to be cash flow positive for a while, but if you look at it as "monetary assistance for a place I want to live anyway, along with an introduction to landlording" then the whole package may still be good for you in this case.