One good way to find out is to call the company that your mortgage is through and find out if your loan is assumable and if it is, what terms does the buyer have to satisfy to assume it! 

If not and you're weary of dealing with this business you can always inform him you will begin advertising for a new tenant (which, of course, means there will be showings of the unit) and once a qualified replacement is found, his lease can be terminated.Sometimes when a tenant realizes there will be folks tromping through their place the bathroom "odor" suddenly evaporates.While you should not have to suffer loss of rent over all of this, life is too short to keep dealing with this nonsense.

That was a great comparison run through.

Does he realize just how much of that equity he will not get in cash through taxes and other fees found with traditional financing?

I moved from the area and have never done this remotely before, and use Keycheck which uses the full-fledged tenant documents for Wisconsin through Rocketlawyer.

We have private lending up to $5MM (on our first deal) through our connections, so BRRRing a large multifamily property is in our sights!

You have guaranteed payments coming through and you can allocate your rehab dollars and buying another property on top of this one.

You can also opt to use FHA financing for a minimum of 3.5% down (this works best for 2 units, 3-4 units has additional hoops to jump through).

Looking for someone who has experience on this matter, as we have more things to consult in future related to investing in Rental through LLC.

Some are data driven and profit driven, others are emotionally driven and have grand visions of great appreciation through long-term holds.