You will still need to pay the tenants you are moving out a relocation fee which ranges from $8K - $18K depending on a number of factors (e.g. age, income, children, etc...) although this sounds expensive if the rents are far under market it can actually be very good deal (at a 5% Cap $1K in increased rents is worth an extra $20K in property value).

Title gets back the affidavit and the husband had 5 children from a  previous marriage and the deed had no right of survivorship which would automatically pass the rights to the wife.  

So i am putting it all out there not for any pity at all, but in hopes that my story can inspire someone else as .THIS has inspired me again.

So put on your coat, wake up and smell some coffee ;-)And Shanna, I hope all of this inspires someone, just as so many bloggers here inspire me.

.- Have enough wealth accumulated by age 45 to afford college tuition assistance for 1+ children- Stop ALL W-2 work at the age of 60- By age 60, have enough income through military retirement, cash flow, and other ROI to cover living expenses + leisure (travel, hobbies) for my wife and I; goal would be to have no mortgage on primary dwelling- Establish a trust worth a darn to my wife, children, grandchildren, etc.

I was inspired to attempt this after listening to BP podcast 157 with Hal Elrod about The Miracle Morning.

This building will be the difference of my wife having to continue to manage our other business vs hiring that out and being able to live comfortably off of our rentals with her being able to devote 100% to our children.

Inspired by doing a gut renovation on my own house.

And either set the date of closing after the date they are supposed to move or ask that the funds of the sale go into the title companys escrow account until the tenant vacates the premises.Hope this Helps til next time Stay Inspired!

-there is a brand new apartment complex going up next to my place so worried about the competition-it is a very niche market neighborhood...the schools are horrible so only older people or families with not school age children will want to move in, my rent price is around $1800 and it is a condo with no garage or yard so that limits people there.The good-home is water side and 30 seconds to the beach so I would think that would attract people- the area has lots of new buildings coming in and is starting to attract some businesses. - they are putting in a new outlet mall about 5 miles from my place-when people do get tenants in the neighborhood they tend to get pretty high rents -home is brand new so if I rent it out there should be really low maintenance issuesThe Situation- My property has been on the rental market for 30 days now and have had a lot of interest but not even one application turned it yet.