I'd rather have notice from them than discover they moved out in the middle of the night, in the middle of winter, with the utilities turned off.All that being said, it will be a tough fight for you to get this tenant to pay up. 

I was pretty blown away when I discovered this and try to show others how to do it as well (not tax or legal advice, do your own research!)

I didn’t think much of it, but on night #1 after closing when I ripped up that linoleum I discovered black mold that ran from the shower to the toilet.

On the other hand, you could buy this with a combination of institutional financing and Owner carry.

It took us six months (should have only taken 30 days) to receive the paperwork from the financial institution we purchased the note from.

The institution counters and awards bids and communicates through the REO agent.

Hello one of the rental houses has discovered bed bugs in the main house.

Another option is business credit cards (except Capital One and Discover). 

Because there is a considerable amount of equity available I would like to refinance once I have tenants established and use the cash to then apply towards purchase of my next buy and hold property.However the couple financial institutions that I spoke with and currently have relationships tell me that the home will need to be in my name and not an LLC. 

The property currently cash flows at about $8k/m, and has about another $2k/m cash flow upside as the rent increases we've instituted stabilize over the next year or so.If we cash-out refi, we'll have the chance to add another property to our portfolio (probably NNN in the $1.5m range) and keep a stabilized, cash-flowing asset; we'd cash flow maybe $1k more a month when all is said and done and diversify our holdings a bit.