My philosophy is very simple: never sell a property unless you can (a) put the money into something that provides a better return or (b) it moves you closer to your goal.3.

If the neighbor were to take a further action, then your title insurance may well provide coverage for you. 

You should seek a Lender who can provide a formal Certificate of Approval Letter upfront and help Prequalify DSCR properties in advance to simplify the process. 

Can you provide some more advice on how you screen tenants through social media?

I can enforce the original lease as it is now transferred to me through the sale of the property, correct?

@Eric LunsfordAs mentioned it’s taxed at ordinary income - but there are debt funds that do private lending that can provide investors a 1099-DIV vs 1099-INT which is a considerable savings net taxes - it’s about 2pt delta - meaning 10% from debt fund is better than 12% taxed as interest (and a lot less work)

Let’s break down these processes step by step for clarity.Part 1: Forms 1098 from Private Lenders to InvestorsForms 1098 from Conventional Mortgage Lenders: Traditional mortgage lenders provide Form 1098, detailing the interest paid on mortgages.

I put in approximately $16,000 and she only provided $4,000.

While states provide licensure to CPA's.

I suggest they contact the utility provider.