And the tenant admitted that if the owner didn't waive the rent, it'll take him a year or two to catch up, with the landlord breathing down his neck all this time.At the time this happened, I had a tenant who lost his job, voluntarily moved to his friend's place, and had to discard all his belonging's after failing to sell it.

Good payment history, slightly below market rent, but not bad.

The escalator clause is not a bad thing, but just another tool in the box.

How badly do you still want to close this deal?

So I am not really feeling confident to put down an offer unless I can be reasonably certain I will get the financing.Can some of you share with me your experience (good or bad) with these platforms and what process you used to get the funding from them, how the experience was, etc?

@Mike DeBuccio Jr. before you invest out of state, you need to do your due diligence about the market, find a good team (Realtor, Property Manager, Lawyer, title company, etc)  a good property could be a bad investment if you do not have a GOOD team on place.  

nid=453The bad news is that there is a petition circulating to put the question of implementing a complete BAN on VHRs on the ballot. 

Maybe a bad analogy but you get the idea.

I think it's a bad idea.

I heard from a friend who is also considering a career as a real estate agent that the market is bad in Minnesota and not good for starters.