I have a meeting with a lawyer in the next few days but I thought it was prudent to also ask for help from people who have already done it.  

Also, I have been extremely dissapointed with how high prices are to have people work on stuff, and then the cheaper guys seem to have horrible work quality. 

If its outside of the that, you would need to wait until the lease is over from my understanding.  

I’ve heard from countless people over the years who made their construction financing decisions strictly based on the term sheet terms and have had miserable experiences.

Mr Beach, I only quoted you what i was told because i tried to find someone to remedy the problem but I know you prefer to use your own people which is fine and I understand....I did also tell you that I would not charge you the $85.00 service fee for David going out to the property to check on it to see what the problem was.

People think that way too.

Purchase price: $215,000 Cash invested: $55,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Is this how most people do it? 

I don’t understand why you would have one thing or another?