In such an event, the tenants will be responsible for paying a lease termination fee equal to 3 months’ rent ($7800), as liquidated damages for the Landlord's inconvenience and costs associated with finding a replacement tenant.

Make sure you get a "Release Fee" on each property; this is an amount that is to be paid to release a property as collateral in the event you need to sell, or if you have an insurance loss that insurance proceeds will be applied to the subject property and not to the whole loan keeping you stuck with an encumbered damaged property, remember they don't make construction loans as a second and the blanket loan won't subordinate (usually) to another lender, it could get messy, so have a release fee stated and understand how payments will be applied.A line of credit is not a blanket mortgage but a line of credit can use other collateral, different animal and it may or may not fit you needs.

@Michael E. thanks for the positive plug:)Manny, most locals buy appliances at ABC Warehouse.

Hosted a meetup and met a ton of local investors, I’m somewhat known in the local LA REI circles.

I had called my two local Title Companys and asked them and one had no idea what i was talking about!

I’m planning to initiate an STR in this locality and would love to join the community.

We had a local investor that lead us to this deal it was turn key 4 unit for 68k.

This document officially releases the property from the lien created by the Deed of Trust, and the borrower regains full ownership of the property.It's important to note that the specific terms and legal requirements for Deeds of Trust can vary, and it's advisable to consult with an attorney or a real estate professional in Texas to ensure that all aspects of the transaction are properly handled and in compliance with state and local laws.

Do you attend any local meetups?

I’m an investor in Ocala, longterm rentals, I’m happy to help anyone needing anything done here, I am looking for someone local who can Help me do a subject to with a deceased owner.