If I refinance to buy him out and we have a closing to drop him from the title, will this transaction trigger any tax consequences on my end?  

The question is why hasn't another investor pulled the trigger in two years if the numbers are that good?

I disagree, I think that the city would force me into compliance and I would have to evict a tenant (or two). 

Hello BiggerPocket Community,I currently have one rental (the home that I used to live in) and am refinancing so I will soon have ~60k to spend on purchasing rental properties.I'm looking at two properties and would a...

Condo construction has been stifled due to some laws and aggressive law firms that are (in my personal opinion) very trigger happy suing builders for defects.  

Because if you're just looking at a bunch of houses and won't pull the trigger on anything.

Get your ducks in a row as far as financing so that you are ready to pull the trigger when the deal comes along. 

Have some money set aside, but like many newbies launching out and pulling the trigger can be overwhelming.  

Make sure you do your due diligence and study what expenses on RE really are before you pull the trigger. 

Matt, honestly speaking, I have never heard of a bank calling a loan due unless the borrower did something to trigger it, ie default on a payment etc so that was never really a concern for me.