At that time wholesale and auctions seemed daunting so we mostly scanned the MLS, and zillow multiple times daily and after a we put an offer in for a 2 bed 2 bath with a 1bed 1 bath in the back of the property and got badly outbid!

Not good especially if you are leveraged and have multiple loans coming due. 

There are multiple opportunities to remedy the issue, on both the tenant's and landlord's behalf.Regardless of how a landlord chooses to collect rent, they could experience the same thing that happened to you.

-I have multiple other houses that are rentals.

I have been consuming every bit of information I can from both BP podcasts, forums and multiple books.I am an Army Veteran so I'm not afraid of hard work!

Little late to the thread here but I can verify that Chelan WA is one of the best vacation rental destinations in the Pacific NW!

Not only that but if you were to have another thing go wrong that you needed to claim and now you have multiple claims in one year you be be non-renewed.

Just seeing if anyone out there is currently investing in the Rochester, MN market. I own one property here, and wondering how the market has been for those actively purchasing SF homes and flipping and or BRRRing. An...

I currently live overseas, have multiple single family homes / condos (In Kennesaw, GA) I would like to have managed at a reasonable price.

I've flipped multiple SFHs, but this would be my first commercial deal.I've talked to several lenders, but they all have one or more issues, such as needing 25% down when I can only do 20%, proximity of property is too far from a major city (I'm in WV and no city in the entire state has more than 50,000 residents), I don't have any commercial experience or track record, etc.Therefore, I'm now contemplating asking the seller to consider leasing me control of the property for 2 years with an option to purchase within that time frame.This would provide me with the following benefits:allow me to negotiate the upcoming lease renewal of a major tenant,give me time to come up with a larger down payment,give me time to establish experience managing commercial property,give my new LLC time to establish a track record and income,give me time to find a lender willing to work with me.I will also need to pay the current listing broker their fee, and I would need to pay a deposit and monthly lease payment to the current owner.My questions are:Does anyone have experience with such an arrangement?