If the tenant refuses to leave, then the Landlord might have to go to court to regain possession.No party can be forced to enter into a contract.Most landlords should contact their tenants 6 months prior to the expiration of the lease to see what the tenant's intent is.

Without a prior agreement with the seller, how would I be able to market their property to a potential TB, not knowing the terms?

You'd put down a non-refundable deposit (part of the eventual down payment) and then rent the house/unit until either the strike date on the contract or the person purchases the property prior to the strike date.Once the date comes, you would enter a PA (fully execute the lease agreement) and sell the house.

We have an accountant helping with our taxes this first year so that we get all of the depreciation, etc. set up properly going forward.We bought the home in 1997 and since that original purchase have made a dozen or so improvements (prior to moving and making it available for rent).

The prior owners purchased it as a rental property a couple years ago for $60,000 and actually had it successfully rented out, but they live about 2 hours away and were unable to manage it successfully resulting in it being trashed.

You might as well recognize that a buyer will sooner of later learn of any prior death.

Just because it's family doesn't mean other things can't happen where the loan could be examined and disqualified as an arm's length transaction.The note isn't filed, in the note stating the payee, you could say Mary Jane Smith and Tom Smith (H&W, Tom Smith brother of Holder) and I don't know if same names are involved or not, it's not necessary and it could draw other unwanted attention.

Then examine the market for that business, if it's a good location now go to those . businesses and talk about expanding their business in your area.

For investment property, the 1031 exchange still exists, but if you read through the article, it doesn't apply to your situation.The $250K exclusion is for homes you live in, for 2 of 5 years prior to sale.

The first thing we do is get on site to examine the problem.