And in CA, due to a court case, Gruzen v.

I would tell the property manager they are responsible and leave the ball in their court.

Now, approximately a week after that was put under contract  I was the high bidder on a duplex at a tax auction which was also about 30% below market value and with the court approval time and 30 days to close will fall perfectly in line with when the rehab on unit number 1 is complete... and after a two month rehab on that property it will cash flow $1000 per month... third and fourth unit... check and check.... 

If I were you I would hold on to the condo until you can sell it for more and meet your goal of paying off your primary.It sounds like you aren’t in desperate need of the $ now and are basically breaking even - those margins should keep getting better each year as you raise rent and let tenants continue to pay off the loan for you.

Basically, we just want to ensure that we have something in writing from the tenant that says they plan to move out and are accepting 1 months rent as compensation for any inconvenience.I can pull something together, but thought I'd ask!

Have you done a basic market demand study?

It is complicated but you basically just need the number of people on the loan that have sufficient credit scores and income to get the financing you need.

I was thinking maybe a wraparound mortgage was the answer, but I read somewhere that they can't be refinanced - you're basically locked-in for the length of the loan?

You will need to hire an attorney and literally take the contractor to court.

Because the previous landlord filed for eviction, she is continuing the process and the court date is mar 6.