If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

The majority owner should be required to sign reps & warrants at closing to be personally liable for them.You didn't mention checking the plumbing - hidden plumbing leaks can cause more damage over time than just about anything else!

This person is eating up your time and sanity.

However, the person who knows how to effectively use AI tools like ChatGPT to get more done will replace you.

I only use it for my personal stuff, and exclude anything that has to do with my rentals, which I'm assuming would be the plan for yourself.

Do not just get randoms, this is going to take a lot of work to protect your privacy and personal residence.

Either for violating the Alienation clause or non payment of tax insurance or mortgage payment.Now you friend is trying to figure out what to do. its simple he needs to stroke a check and pay the mortgage off. probably does not have enough time to refi.Now scenario 2.. your friend bought a sub 2 from some one that did the sub 2 and they are not paying your friend is now going to lose his/her house even though they have paid the person who bought it sub 2 ripped his payments and did not pay the underlying and is just a theif.which is it ???

It sounds like you personally are focused on an urban infill strategy which maximizes density and price per square foot rent.

Andy, I'm sorry to hear that your going through this, I don't personally know anyone dealing with such difficult tenants, but do know several Brooklyn based land lords who got tenants out in order to do reno. or dramatically increase rent. 

I found myself attending in-person networking almost weekly prior to the pandemic, but we live in a different world, and the digital shift has made it harder.Currently looking for personal investment deals in the area, and also passionate about connecting other local investors with trusted service providers.