First, since you did not own the property when the tenant switch occurred, you have to determine whether the previous owner/PM approved of it and what if any promises were made by all parties.Second, yes run a normal tenant search on the new occupant if he meets your criteria no problem.

It also will help some if they open a line of communication with the bank and keep them informed as to what is occurring.

trying to avoid a lookback of his assets if occurs in near future----lots of issues

Either way, don't let any one person steer you, compile your information from multiple people you trust and make your own decisions.Some of my best deals have been found by "accident".

When I tallied it all up, I could be out-of-pocket 9-12K, by the time I was receiving "market rent"A few days later on my morning run, I worked out how long it would take for me to recover the delta between the rent being paid by the current tenants (who had been there 8-years) and the 'cost to get to market rent' {which was ~$200/mth more} ... that number was someplace between 3.75 & 5 years {more if I had an extended vacancy after renovation}.Along with that revelation, it also occurred to me the current tenants would be very aware they were paying below market rent.So we all sat down and talked it though.

I'm a musician too and it occurred to me I might compose short commercial theme for your "Quick Tips" and "Famous Four" segments??

It's better to have a full time maintenance person on staff then sporadically call someone when a problem occurs. generally for the small job you are at the bottom of their list and your small problem can then turn into thousands of dollars in damage waiting on them to fix.

Other - After doing the above two steps, you may have solved the leaking, or it may be occurring in an isolated area at this point.

As a Realtor, here is what I’m planning to do to assist my clients who do not have credit, yet they have a good chunk of the money needed to purchase a home.1.The seller creates a Trust and deeds the property to the Trust.2.The seller signs a Trust agreement with the buyer and lets the lender know that such agreement has been made - the buyer is now the trustee; allowing the buyer, once equitable interest is obtained, via step 3, to purchase home owners insurance in his own name, without alerting the lender that a transfer of ownership has occurred and triggering the "Do on Sale" clause.3.Use a Land Contract with a 5 year balloon payment to establish the terms of the sale.

Often times negotiations can take quite a while, and we are by nature uncomfortable with the silence that occurs.