He stresses that these owners would pay a whole lot in capital gains, and if kept to his death, heirs would be inherit at a stepped up basis, meaning heirs skips the cap gains at death.He accumulated quite a portfolio, and NNN is his favorite tool as no one doing residential real estate ever heard of it, and if they did, thought it's only for commercial properties.

I would recomend listening to EVERY BP podcast ever made.

There is a phone number for the assumption department, but no one ever answers the phone or responds to voicemails.

Seriously, Mike, have you ever heard of a lender getting all excited and calling a loan due simply because a transfer into an LLC owned by the borrower "may" have violated the due on sale clause? 

One of them is that his mortgage may have a clause that sales the loan balance would happen if the property ownership ever happens. 

Never ever trust the borrower's numbers!

Even old time Tenants will want to go to the Testing Phase if they see their Landlord falter, get too over-generous or too understanding.When that happens the Tenant's stability changes because the rules are changing throwing the tenant into the Testing Phase again, so we don't ever want to falter but always stay strong and in control.THE MOVING PHASE:During the moving phase the Tenant, no matter how many years they have been with you, seems to forget everything again.

[How does that ever happen?]...

Just be warned if you don’t self manage (I.e. put it with a local PM like fireside chalet or Cabins USA or Patriot, or even the national Evolve) You wont make money unless you paid cash.

Condos and townhomes hardly ever work for good rentals here in the DFW area.