However, if the late payments still bother you that much by December, then either do not renew the lease or simply impose stricter penalties for paying late.Does your lease contain a late fee?

The judge in this case seeks to set an example.

Ask if you can pay off the loan and pay a pre-payment penalty.

I am seeking to do business with an experienced, ethical operator with a solid track record.I will be in LV next Thursday & Friday to meet with candidates.

I would like to repay the loan at 50K per annum and no penalty for early repayment.I'm looking to buy 2 more properties with a 20% down payment.

Seek professional advice. :)   

So far so good.Currently we are seeking new seller clients who are flippers and interested in full service seller services at a discount of 40%-50% when compared to the traditional seller rates.Looking forward to seeing BP members around the North Alabama area.

@David Krulac I understand your concerns and would recommend anyone seek the advice of an attorney.

Definitely check out the Ultimate Beginner's Guide (http://www.biggerpockets.com/real-estate-investing)Also, start listening to Brandon and Josh on the podcast, it really helps put examples to strategies and understand the lingo.Finally, there are a bunch of BPers in the area so always seek advice and feedback when you consider an investment.Best of luck!

Look to get rid of the PM; to do so I suggest going to the nearest REIA and seeking out the expert they have for landlord training.