Welcome to bigger pockets Thom

I interviewed a good commercial broker and was told that I would have to build out each tenant space to the point where I would not make any money in the first three years of the lease.  

Hello Bigger Pockets community.

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

Every three years city will reappraise the value of homes.

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.

Account ClosedBigger pockets provides great resources in their "tools" section, I think there is a document titled "Promissory note"You can also talk to any lawyer or a simple google search would do.More than the note, however, it is important that the two parties (lender and borrower) trust each other and live up to their commitments.  

The summer was busy (got married and found a new W2 job) so I didn't really do much regarding real estate except hang out on bigger pockets and run some properties through the calculators.

Hi Bigger Pockets - this is my first post.

These loans are not governed by Fannie or Freddie...so they might allow more seller concession...but they have higher rates, or they might be adjustable, or maybe even only on a 15 year term....and sometimes all three.