Just because you did not get a ticket the last time you were speeding does not mean it is legal to speed.

You will also have management (even if you do it yourself), maintenance (even with new rentals), advertising, legal fees, entity maintenance, evictions, court costs, damage done by tenants, utilities (at least during vacancies), etc, etc, etc (I could go on and on).

:cry: Also, the fact that Wells Fargo is asking you to sign a legal document is troubling.

We have not tackled this problem but we have one deal working which involves 400 ish completed, a few needing guarantees of completion and legals with depositors, at an average of $320k.

We had a guy in NC who would refi all of his elderly family members every year or 2 and max out the fees he could legally charge every time.

A meeting of the minds where both sides agree to a transaction.A purchase and sales agreement (also called an earnest money agreement) where the buyer agrees to buy and the seller agrees to sell based on the specific terms and conditions.Signed by both sides and otherwise legally binding.

We have begun the process of coming to the US legally.

Technically not exactly a lender in the full legal sense in that there are some minor contractual differences.

There is legal precedence that not informing the lender does not constitute fraud.

In most areas, you'll need to evict them and then store their stuff for some period of time (or the court may store it for a fee).As for cleaning up the mess, I wouldn't get too carried away.