Just notify them, per the terms of the lease of course (ours is 30 days notice on month-to-month contracts), that you are exercising your option to terminate the lease. 

If she does not have a lease, she would be considered month to month and 30 day notice would be required to terminate

In the past I owned my own construction company but now I have a full time position as well as this retirement plan. 

@Anthony Sumbry Thank you, and i totally agree with you, its just that im in the position of sell now for decent return or keep and hope for more.

Hi all.First let me introduce myself.My name is Victor, I have been living in the Austin area for 10 years now, originally from Spain.I bought my first home in Austin in 2009, and sold it for a good profit in 2013, when I married, to buy another home with my wife.Ever since, I have been wanting to invest some money in real state, mostly to avoid just having cash seating in the bank, and build some equity for the time when we retire.At different times we have looked at different types of properties, but for one reason or another we would just stop looking for a while and then start over again.Just a few months we started looking again, I wanted to find some investment property that provided some positive cash flow, but after talking with some friends, realtor, mortgage broker... it seemed that it could be better to find another property to move to, and rent our current home out, since we got it at a good price in 2013 and should get a good rent.Now, while looking for that, I found a house I thought had good potential with some renovations, and long story short, we ended up in a contract to purchase it.

I'm told there is a way to ask the seller (who's carrying the loan) to take a second position, along with a second on the new motel property, to let new lender come in first by refinancing or cross collaterlizing the multi family?

@Jason MaI noticed your other post.ARV isn't something that is an average.

@Erika Graf By posting and reading here you are already doing positive things.

My note investing goals;Buy lowNon-performingHold and collect mortgage payments Resale to an investor looking for performing note Address: 2124 Tullis Dr Montgomery, AL 36111Asking: $42kLayout: 3/1, single family homeArea: CLien position: 1st UPB: $80,968.80Monthly mortgage payments: $719.78Sale comps: $62k Rental comps: $600 per month4 months behind on mortgage paymentsTaxes: $218/year (actual, from county website)Insurance: $217/yr (based on a formula for a home in the 50k-60k range)Here are my thoughts on how to underwrite it: Offer: $28k Fair Market Value: $62k Modified mortgage payments: $650 monthlyPayment upfront: $5kI came up with the 5k based on lawyer fees, BPO, tax for the yr, insurance for the year and servicer fees.

I've noticed about 5.5 for a 5/25 and it moves up from there.