Three months ago I quit my job and started a private practice (mental health).

I’m guessing the scary part is how to give late notices, respond to complaints, collect money etc...

(I might be willing to take a private loan or even a partner on this deal so I don’t have to pony up 100% of the cash right now.)

I have a tenant 2 months late with their rent and I just gave them a 3 day notice. after the notice they sent me last months rent.This would be a partial payment as they still owe for this month.

There is wording in the current lease about 30-day notice, so I'm unclear about the right way to do this.Additionally, there are several units with below-market rents, two of them significantly.

Other times, we offer second position loans on some of our properties that perform at 10% to 12% for private money lenders who just want passive income.

Check your recorder of deeds site for info on properties.Also, verify proper notice was given to lien holdersother than 1st. if there are any if, not the sale can be declared voidby other lien holders if they can prove they were not notifiedof the sale.Set a max dollar amount on each bid and stick by it.

Since their lease is almost up I would wait and give notice to non renew.

They basically use private money to buy and finance the building, then work to find a renter and sell the turn-key to an investor who uses their 401k or retirement savings to buy the house.

My wife started to get involved as well and I brought private money into the mix, so we could make cash offers and handle 2-3 gut rehabs at the same time, before refi - it did not start this way, but essentially evolved into a BRRR (or better BRRAR).