The current landlord may not know what condition the unit is in until after she leaves, and could possibly give you misleading information in an effort to get rid of a problem tenant, although she sounds like she may be a very good tenant, you still want to verify.

If you pay attention, many of the local flips end up being turned into rentals or they have to carry the note just to get rid of it.

So far I've been unsuccessful, so thought I'd see if a wholesaler had bought some they wanted to get rid of.

The getting rid of the 3% was good news.

You wouldn’t be the first investor who doesn’t like their day job but is working towards some day being rid of it.Also, you’ll know from listening to GC that he doesn’t do or recommend anything in half measures.

Are they at least paying their rents or will you end up cleaning house and getting rid of all of them in a short period of time?

It is not cash flowing at all and that is why I would like to get rid of it.

So for an FHA loan, could I refinance it in a few years and get rid of that insurance payment ?

I had properties for almost 20 years, that took a long time for me to get rid of and cost me money to sell.

I’m hopeful old momma bear really wants to just get rid of these things and take it.