If they are paying, keep them on month to month.Our renewals 60-90 days before the lease ends....say something like your current rent is $1500, we are increasing rent to $1550 starting June 1st....and you as the owner get to choose one of two options....continue month to month at $1750/month, or sign and return 1 year extension by April 10th, or option 2, your lease will end on 5/31.I say do everything you can to keep tenants that pay. 

I think there are other options at play with a potential cash out refi, acquiring a 2nd property while keeping the 1st, or even selling to acquire a 2-4 unit property instead of single family. 

I would come up with a hybrid option if the repairs are too much which would be to turn it into a garden.

hello allso as the topic say i want to buy a course that teach me how to virtually buy real estate and rent it outi searched and found "The Virtual Investor's Guide to Out of State Rental Property" from investwithace that in 600$but i wanted to ask if there is other options or any other guy that have a course online so i can learn more on investing and buying rental properties, as i dont live in usa and i want to work from abroad and i dont want to visit any of the properties my selfi want to learn the best way to do itso i really appreciate if you guys can guide me herethank you so much

Hi all. Wanted to ask for some advice. TLDR is I got laid off and my financing fell through because of it. I am trying to creatively put together a deal and still make it happen. I was thinking subject to or some sort...

I also understand there are DSCR options but not certain I want to go that route.

I would have to ask about the dialer and see if that is an option.

If it is, DSCR will not be a option without a very large downpayment.

The approval you have from your lender is based on TODAY's interest rate, if you were to find a home with an assumable loan with 3%-4% rate you would be eligible to buy a more expensive home and therefore open up your house hacking options quite a bit. 

I want to access the equity in my home for other cash flowing assets w/goals of maximizing the spread btwn the interest I'm paying on the HELOC and the interest I'm earning on the asset.One major downside is most HELOCs are adjustable rate, and I'm certain rates will be increasing even more in the near future, so finding a bank that has a rate-lock option is my hedge.I've looked into this strategy a lot, seen the comparison numbers, and am still looking into different utilization strategies.