In wisconsin, state law says I can deem tenants possessions abandoned upon move out but I must inform them of such. 

This allows us to be able to support the mortgages till the rental income is able to cover the debt. 

It takes time to establish credit (3+ years) but once you can prove that your able to pay back debts the banks will want to lend you more and more; which means more opportunities in real estate.Here's a few rules you should keep in mind...1.

But, if you chose not to hold the property in your portfolio and to put it on the market and sell it for market value the scenario may look like this:  (Win-Win, he no longer has to deal with a property that he doesn't want and his debt will be erased sooner rather than later and you convert that 50-75k of equity into cash that you can use for your future deals). 

I will be speaking with the current owner to see if the land contract will be reported to credit bureaus, as well as S&P.Oh, and my personal credit rating is improving all the time, as I pay off old debts...

I will be speaking with the current owner to see if the land contract will be reported to credit bureaus, as well as S&P.Oh, and my personal credit rating is improving all the time, as I pay off old debts...

When we are buying occupied deals and we want the tenants out we usually just put in the PA that closing is contingent upon tenants vacating and removing all possessions from the premises.  

I have about 15k worth of debt that I would like to dispose of before trying to hold anything.

.: $11880Marketing/Promotion: $1000Total Expenses: $35934 NOI: $35346Debt Payment (P&I): $2227/mo or $26724 annual(based on $450k purchase 25% down and 20 year am at 5%)Cap Rate: ~7.9%Cash on Cash: ~29% (based on 25% down and 20 year at 5% and $7k closing costs)DSCR: 1.32x1% Rule: 1.76%GRM: 6.31 (using AFTER vacancy Gross Rent)Debt Yield: 10.47% (based on 25% down $450k purchase price)Wondered what other items I should be asking the seller for in order to evaluate properly?

(Getting rid of my student loan debt and becoming financially free would also be a plus!)