I'm OK buying a unit that has negative cash flow as long as the principal reduction and appreciation offset it to an acceptable return.

If she refuses, then your next step HAS to be taken with good legal advice (can be a Property Manager instead of a lawyer), but I always recommend doing your very best to act in good faith which in this case means just accepting the loss of rent until the repairs are complete.

I would just be sure of the hard money exit strategy before accepting it.

Stick to fundamental buy-and-hold real estate...noting glamorous or fancy...If you have safe, clean, and appropriately priced units...focus on C-class value add, and maybe consider working with the local housing authority to accept housing choice vouchers, you will have long-term occupancy, debt paydown, and equity build for life.Investing is relative, and I doubt your main motivation to invest in RE is to contribute to the list of "25 fastest growing cities in the US"Best of luck

Some states don’t recognize email as an acceptable method of delivery, so late rent notices should typically be delivered in person or sent via certified mail.

To your surprise and your partners complete frustration, your offer is accepted, and your partner is like, "Where's the money going to come from," because, sure we have emergency reserves, but this is like six-figures of cash, but it just so happens that we have the cash in our HELOC because it's not Lessons learned?

Should you accept dogs? 

If you're going for traditional financing, NO lenders will accept it.For primary purchases, you can get around it by asking family for gift funds, then "gifting" the relative the cash later, so the lender can source the funds.But for investment property loans, cash gifts are not allowed.

As everyone knows the market in the Gatlinburg area is quite heated up- I got interested in a new construction cabin and made an offer at asking price. Need advice from experts out here in the forum -3 Bed / 2 BathCha...

Hi @William Rushton, if both of the units are occupied, in most cases, the real estate agent listing the property won't even accept FHA unless they know that one of the tenants will soon be vacating the building.