I am super excited to join the Bigger Pockets community and to get involved in real estate investing.

Ideally, long-term, I'd like to stay involved with real estate investing - just not sure that this property is right for a long term rental property.  

Hi friends,  purchased my first rental in may this year, got it rented in mid June, signed a 12 month contract with tenant, about a week ago tenant sent me an 'official' email that there is a mice/rat problem, although there were cheaper options I went with professionals who were charging me 7-8x only because this is a long term investment and I wanted to get it solved, the pest professionals sealed the attic and set traps, they followed by couple of times to remove traps and refill bait boxes, my tenant now sent me lease termination letter citing health concerns due to mice/rat problem, they paid for current sept month and said that I can keep half the deposit for Oct.What should I do here, they have three small kids so I understand the reason for concern but I am also doing my best to solve the issue, should I go ahead and accept their termination or should I fight it out, not sure if involving lawyer is good as I am trying to make some cash flow and not lose it.. please advice also I am from Texas and would love to hear about TX law on this.

Greetings All,I offered a little under full price on a place and it went to multiple offer situation.

The head aches involved with (I believe) setting up this way is that separate tax returns need to be filed for each entity established.  

@Tabitha Johnson @Michael Plante,  Nice work on your seller-financed deal Michael.  70% of the deals that I do have 50% or more seller financing involved.  

While real estate prices are still climbing with multiple buyers, the rent have gone down 12-15% in Silicon Valley.

However with college rentals, I have multiple college campuses within 30 minutes of me, the closest within 5 minutes.

Moty Wall If you had not closed on the purchase property already you could have performed a reverse exchange... buy now with an intermediary involved, sell the other afterwards.

That is a good question and anyone who is involved in real estate investing should know about the meaning of an "as is" clause.