If you ever do decide to make the switch to commercial real estate, I would be happy to give you all of the advice I can!

Broke and splitting rent with three others to get by I decided I wanted to be the guy getting the rent checks instead of writing them.

With luck they will decide not to rent from you.

If selling is the option let him sell his home and decide what he then wants to do with his money.As for holding it I would guess based on the numbers there is next to no appreciation in your area.

I finally decided to take some kind of action.

This used to have 8 rented lots, but the seller decided to do anything with 2 of the lots so they are unusable.

From there, see how it goes and decide from there if you want to self manage more in the future.

My wife and I have done a couple live-in flips and really loved it, but with the arrival of our daughter we decided maybe it wouldn't be a great idea to have an infant in a construction zone.

After speaking with our attorney and cpa, here's what we decided to do: since the LLC had no real assets except for the contractual agreements with the owners of the managed property,  we agreed to have the existing management agreements assigned to our company and notify the owners of the 'merger/assignments'.  

I’m wondering...(1) If the association decides to implement a no renters policy and I already have the tenants in the unit, am I protected under a ‘grandfather’ situation, or could they force my tenants out?