Cure any issues that may cause residual damages ie. throwing out all the rotting food and discuss with the tenant when they plan on moving out or getting things back on track.So I'm curious is this tenant current on their rent?

@Rusty Knowles You didn't highlight my name so I had no clue you replied.Some investors put the deal together and become asset managers and property managers if they live close enough to the subject property.

However, I did not buy into the program.I like Linux, electronics, spicy food, and building anything.  

However, remember that the “official” inflation numbers do not include energy or food.

World class city, architecture, food , entertainment, nightlife and the Cubs!

Here are the highlights and a few photos...Acquisition: MLS, via Rezamp notificationLP / SP: 175k / 165k Location: Phoenix, ArizonaRehab, initial / final: 25k / 25k (stayed on budget!)

Call title companies and ask what fees are customary and who pays them, that will be different from one area to another, need to know local customs.Some (many) Realtors won't deal with cheap houses, if they do they may charge 10% on the sale price instead of the customary 6%, getting 6% and splitting that between two Realtors, buying and listing, on a 30K sale won't make a car payments and buy food after taxes

Or buy storable food, guns and ammo if that's truly what you're worried about.

Again, a grocery store may be easily converted into a retail department store type thing, but a grocery store going into a building that simply has open space can be very costly due to plumbing and food storage equipment.

He could pay for all of your living expenses, clothes, food etc without ever worrying about "gifting".Basically he can pay for anything he wants and only gets dinged when he moves large sums that show up on a bank statement and needs to be explained.This allows you to keep your w2 income for the property purchase.