Don't make decisions based on a false sense of permanence.

That kind of investment doesn't make any sense to me.

Your comments make so much sense.

I'm just telling you guys if you follow up with people, it will give them a sense of trust when you return.

Hi Kiran, I would personally go with the newer property as long as the numbers make sense.  

It is called "delayed financing" and it is very common.

There is a technically the possibility of a DOS clause where the bank could call the note due, but that wouldn't make sense and they don't typically do that.  

That's usually based around the theory that this way you can screen the tenants, gets rents to where they make sense for your deal, etc...We're closing on a triplex and everyone is on month to month leases.

That's usually based around the theory that this way you can screen the tenants, gets rents to where they make sense for your deal, etc...NWe're closing on a triplex and everyone is on month to month leases.

@Aaron PetersonI moved your thread to the landlords forum.Snow removal ... it will be here before you know it ... .I've already put our RFQ as we were not happy with our service in one city last winter.In our experience, when it comes to landscaping/lawncare and snow removal, anytime you cannot define where one tenant's domain ends and another begins, the obligation falls to the landlord.If you have a side-by-side duplex or a row of townhouses where each tenant has their own drive and patch of green, you can hand-off snow removal and lawn care to the tenant ... though you are just as often better served to take care of it yourself and bake it into the rent.Anytime you have stacked units or a block (such as a small purposely built quadruplex), the parking and green space are common areas (just like stairwells in the interior) and fall to the landlord.