Shortly after taking possession of the building, I increased the rents.

Always verify the utilities are out of your name before giving possession of the property - I have made this mistake before too.If they will not immediately pay you for the utilities and get settled up, I would strongly consider beginning an eviction.

That encroachment is an issue because it can result in an adverse possession claim. 

Scott, others -BTW, do not consider cashflows along the way after possession.

If she always pays on the 5th, she probably sent the letter on the 5th,  so whatever date is on the letter shows when it left her possession and I'd assume that to be when you can charge the late fee, not when you receive it, just my opinion-- but again-- don't do checks! 

That said some creative stuff would be not just owner financing but a delayed settlement or a delayed settlement with immediate possession, a master lease option, a plain option to buy or some combination of these techniques. 

Paul Sushereba (NFM Lending, Beavercreek, OH) is an outstanding lender who possesses a truly impressive knowledge of the lending/mortgage process and is also very investor-savvy.Both of these rockstars worked tirelessly with us to close this deal.

The resident has to insure their possessions, and the landlord's liability ends at the timely repair.

A roof leak and half the dining room ceiling caved in... they almost wouldn’t close without pleading and confirming that I was going to fix it as soon as taking possession.

People wil always need a place to stay.For the mtg r.e. business one must possess three main ingredients to complete 1 sale transaction.1.