. - we aren't planning on doing any major rehab (we're looking for a move in ready unit, it will also serve as our primary residence for at least 2-5 years).

You would be better served IMO, to give equity positions and have no debt service.

It means they stay in the property after being served notice and it probably means they wouldn't negotiate with the LL to leave before the eviction.

Like many, I'm looking to gain more financial control over my life so I can spend more time with my family and on my other interests without the dependency of the corporate board.My mission is to create positive monthly cashflow and long-term wealth via building and managing portfolio of preferred residential rental properties in the markets they serve.

@Tom JonesWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out the free Bigger Pockets Real Estate Guide http://www.biggerpockets.com/real-estate-investingLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Your numbers orientation will serve well in Real estate.Good LuckPaul

You would have serve a 3 day pay or quit notice and then file an eviction to get a writ of possession to take the property back.

That's my understanding as well, to be a bedroom it needs to have a closet and a window (large enough to serve as an exit).

The tenant is behind a few months so they served a three day notice.

Not the highest producing rental but it will serve as my first and one must start somewhere.What are your thoughts, did I get this right?

A tenant moved out of my rental and abandoned a car inside the garage after being served an eviction notice.