I am thinking instead of making the tenant sign all of the paper with new LLC for next three months, I should make her sign an addendum that states - She acknowledges that original lease was signed with KY LLC ( of course we will insert the real LLC name) and now the property is under new LLC.. so nothing changes,  all contracts , obligation stays the same as with the old LLC.Two questions:1.

This will be my first time buying land.

Buy data.

Investment Info:Single-family residence buy & hold investment.

Hi,Iam looking to buy a turn key property in Memphis.

Use the cash out as down payment to buy another property in San Diego.  2) Sell the property to do 1031 into a bigger and nicer San Diego property.  10% of proceeds will go to renovation, agent fees and etc.

But also, you'd get a better rate just buying your home with a home owner loan. 

Have your “buy box” ready.

I thought I’d give Paperstac a try versus buying from an individual directly which is what I’ve done the previous times.

I run into this situation a lot where owners buy a property and then they move out for some reason and want to rent out the property but unfortunately the property was not purchased as an investment and the income will not support the expenses every month.If I were you, I would look into a different strategy so you are able to have some positive cash flow every month.Have you thought about furnishing the unit and doing Air BNB, or furnished mid-term rentals?