So unless the LP is willing to go with him as a tenant in common ownership position in the new property that won't work.2.

I've been renting a house for awhile.. years actually.. and it has every problem you can think of.. mostly rats and bugs because theres holes and cracks in the doors and places in carpet where mice or rats been getting in and out. then guy raised my rent so i could get pest control but only does it like every 10 months. just say i found something better but the real question is this if i give my landlord a 30 day notice (im not on a lease) but the place im trying to move to might not actually be ready for maybe a week or two after the 30 day notice so in that time ill be homeless if i decided to move out after the 30 days..

This isn't legal advice, and I don't have a real-world example, but some coverage issues to pay attention to might include injuries to common law employees, injuries involving liquor, and punitive damages for gross negligence.Keep in mind that umbrella insurance policies are negotiated contracts like any other insurance policy.

He told me I would have to fill out a rental application after the current residents received their eviction notice and moved out.

What’s the most common way to keep track of your properties without hiring a professional acocuntant or manager?

Jay Hinrichs yes I noticed there is multiple real estate coaching company's based out of Utah... might be all the same company under different names to protect themselves 🤔

@Chris Seveney Question for REOs, Is it common for banks to purchase at the auction and then re-auction the property rather than placing it on the MLS or the HUD?

Let them know that you notice that they owe taxes and have someone that can help them with the problem.

Some benefits I have noticed while househacking in my triplex:- I am at the property daily and can stay up on any maintenance and issues without having to remember to drive by or check in with a property manager- Rent collection is as simple as a door knock.- Tenants generally will be less inclined to try any funny business because they know you are right next door (or above/below them)- It's more conducive for learning as you go.- More favorable loan and insurance terms for an owner occupied property.There are also downsides such as:- Less privacy- Blurring of the landlord vs neighbor relationship- Can be harder to be the "bad guy" on things because you see your tenants often.

@Jay Hinrichs   Have you ever noticed that many of the people that say "Have a great deal and the money will find you" follow it up with "and for only $30,000 I will teach you how to find the great deals."