I have seen many of our investors/ borrowers lose many night sleep over these types of properties.

It says no security deposit was paid on the lease, but the tenant claims this is not the case.Anyway, I know we should probably talk to an attorney but the legal fees + eviction fees I'm sure would not be worth the $700 we are losing from this tenant.

You can always try to haggle but know that you may lose the buyer, so I would keep my options open.

This will give you time to negotiate for those items and if they balk you can walk without losing earnest money.

Mike Harris Nick Vertucci and company.now most of the folks I see that do the what I call buy direct model.. have the buyer pay cash and then refi.. so they won't lose the house to me like the old days but they could have their cash frozen.so its critical to have your refi set up upfront..

I would have $2-3k in reserve for these...Realize you may lose some or all of the existing tenants when he sells..

The City is regressive on many levels and they will keep losing legal battles as long as they use taxes and fees as there only revenue generator.

The best equity is the equity you spend (or reinvest elsewhere)  before you lose it...

There will be an excess supply of units and small landlords will be competing against product designed expressly for millenial tastes.

Your rent ratios are excellent but make sure that you do not lose on profits with deferred maintenance.