Now in an area where growth is exploding it is common to have occupancy rates a little lower as pre-leasing is occurring pre-construction and mid-construction for the projects.The area you are talking about I would want to know from the DOT what the traffic counts have been in the last few years prior and what they are today.

@Denise CardwellTry applying the deposit to lost rent for the lack of 30 days notice first then damages.Also, the detail isn't in your post, but just in case, never send out a pre-signed lease. even when using doc-u-sign (or the like) you can specify who signs first and can designate your self last.

I'm looking to get into whole selling but it seems a little more difficult especially when I know like 0 investors and I have no partner..So that's why I wanted to kinda jump head first and go straight to a hard money lender so I can get this ball rolling.

Pre-foreclosure can be stopped by paying the amounts due or getting very close, you can also buy the note in some situations, but that isn't a short sale. :)  

If so - then you can roll it over into self-directed IRA or 401k.

Stuff on Loopnet ought to have an associated rent roll from owner.  

Diana, you should reach out to a local mortgage lender to have them pre-qualify you for a mortgage.  

3) Do pre-approvals expire if you take too long to find a property?

Here are the details...I am trying to get an apartment under contract in Madison Tn (10 minute drive from downtown Nashville) and the seller definitely has motivation to sale. 14 units - 10 1/1 and 4 2/1She currently only has 9 units (all 1/1) rented out and she lives in the last 1/1She states she doesn't have any of the 2/1 rented because she requires two months down to move in.Rent rolls (checked the leases and is accurate and market average)1/1 - $650 a month2/1 - $750 a monthCurrent rent roll a month - 5,850Monthly expenses..Sewer - 112Storm - 40Waste/ trash - 76NES - 90Water - 80Gardening - 50Hazard Insurance - 333Taxes - 516I used an 8% cap rate to get my offer price at 569,125Does this seem about right to everyone?

Hey johnny,I am a "pre invester" myself living in chelmsford currently.