I have a feeling (and some data) that suggests the market is going to loosen up a good bit in the next couple months and banks are going to start releasing a good bit of inventory -- if that influx of properties materializes, I want to be prepared to take advantage of it.

If you get low-quality tenants, you risk: late payments, missed payments, high expenses for damages/repairs, high turnover costs with those potential damages, eviction expenses, and extended vacancy periods... whether due to tenant non-payment, squatters, eviction processes, or finding new tenants.

Looking to remove a wall to extend bathroom and basic cosmetic work around property.

- Fast settlement, no commission, as is sale, interest on their loan, monthly payments, a balloon payment sometime in the future when they may really need some cash and the real estate monkey is off their back.Some things to consider in your mortgage an negotiations; You want the mortgage to be fully assumable with release of liability, build in a percentage discount if paid off early, have a first right of refusal in the event they try to sell the mortgage at  a discount (you want that savings) a stutter clause, this gives you the right to miss one payment without penalty and a substitution of collateral clause (this gives you the right to move the mortgage to another property in the event you sell the building, with this you keep all the proceeds without having to satisfy the mortgage pay-off upon sale. 

I guess some of you have to write your Investor Advocate.Letter here:https://cdn.crowdfundinsider.com/wp-content/uploads/2019/08/RIck-Fleming-Concept-Release-Comment-s70819-5800855-187067-1.pdf

Release the hounds and let the chase begin!                  

Treat it like you would your own house if managing yourself yearly inspection :- furnace/boiler - clean out burners (do in Fall to make sure heat is on in winter)- clean dryer vents- caulk bathtubs- change out thermostat/CO2 detector batteries- clean out gutters in Fall- while on the roof looking at gutters, take a look at roof condition - fix early- vacuum and clean utility room near any furnaces and water heaters (keeps dirt/dust out of systems, can extend life)- rinse water heater screens (can fill with dust and won't stay lit)- drain water heaters yearly - prevents sediment buildup and will extend life- change furnace filters (more often than yearly)- if in cold environment, turn water supply to exterior off before winter- take a look under sinks to check for any slow leakThis shouldn't take much longer than an hour or so per unit per year unless you find something unexpected, and if you do find something then good job catching it early. 

Obviously over extended is very bad    However if you Have a choice of making 5% on 25k or 100k.

We were able to convince he DA that my Dad was not renting to them and he tried to remove them, so now we are just waiting for the next court day to hopefully get the property "released" from the city so we can offload the house.  

You can ask for tax returns but seller may not release them.