We had some deals where we paid for a Quiet Title action to get the property sellable.

(also thought about it being boat storage until local development catches up so at least it would cashflow something) going to wait for about one year, before we take any major action (Bridge Development should be rapidly moving along by then - Completion date for bridge is 2024)

An Adverse Action letter may also be required (fcra requirement).

These programs are in place to help the tenant, thus they require action from the tenant.

However, I also understand learning through action and getting actual experience is much more valuable than listening to people talk about it. 

At that price point, closing costs are roughly 20% of the purchase price, which makes the choice of financing or buying cash an easy one.The good news is, my monthly revenue will go up almost $200, but my COC % drops to 17%... still not bad.I closed on the property last week and I'm already looking for the next investment!

Hi Misa - the good news is that you are looking in two very strong markets.

2 things:When giving tenants denied/approved adverse action notice how should they receive it does it matter?

Great action taken.

My preferred course of action would be to get on the board and straighten out the issues myself.