All comes down to evaluating that prior lease and per what Cameron and Jim have noted above, definitely worth seeking out legal counsel to figure out what your options are in this particular instance.

I wish to evaluate Self-Directed IRA vendors and wanted to know if there is a comparison chart out there, that would facilitate a review?

Also, your cash on cash return should be in play when evaluating a property. $100 cash flow per month might be great for something you put only $5000 into -- you should get your money back in a little over 4 years at a constant $100 per month.

For the investor calculator on Biggerpockets.com that I am using to evaluate apartments for buy and hold, when it does its ROI calculation does it include monthly P&I as an expense in calculation of ROI?

After you've used software for a year or so, you'll identify flaws and have to evaluate again to see if it's worth shifting to a new system or building work-arounds.

Below is a screenshot of a portion of my evaluation spreadsheet.- Materials & Labor = Rehab Costs- Purchase Price = Cost to purchase from owner- Purchase & Sale Commissions = Our brokerage fee (partner is an agent)- Down Payment = 10% of Loan & Loan Needed = 90% of Loan- We will be paying 2 points on the loan needed.Thoughts?

I bought a property 9 years ago for 52k that has long been payed off.  3 years ago I refinance the house and took out 87k to buy a 2nd house which I am currently living in.  The payment on that 87k loan is rounded up ...

Hello I am still new to this real estate business and I am wondering if it is prudent for a newbie to buy their first multi-unit apartment building on a block full of competing apartment buildings or should the approa...

Hi all -- I'm very interested in getting involved in some BRRRR deals, and I'm looking to be involved with someone's project, if they are interested in bringing me on.I have a duplex under my belt and I want to take on some distressed properties to likely BRRRR (but also evaluate as flips if they don't work as long term rentals).

You will have to evaluate the properties and find out if the rent will cover the extra expense of the management company.