It doesn't appear that you have run into a "professional tenant".

Your ratio is 12% (6K/50K).When you cancel the 3 unused, your ratio jumps to 30% (6K/20K).That makes it appear that you are much more extended even though you may look at it like you are reducing.

It will be cheaper and easier than trying to get the seller to do it (for an REO), and while it's a PITA, if it will help you sleep better at night, it's worth it.For what it's worth, I did this for the first 5-10 properties I bought, and the peace of mind it brought was worth the effort/cost.

Dan I would just look at how many hours and money you will need to put into this deal and what is the return versus working on other deals.I fit is a difficult deal but I make a lot I might take it on.I fit is a difficult deal with close to or the same margins as easier deals I might pass on it.I second talking to a probate attorney.You need to know for your state what the options are.Probate properties can be a nightmare when the heirs want different things or disagree on the value of the property.

I had a vision but it changed several times, used friends/family for suggestions quite a bit which made it easier.

Some lenders require the borrower closes in the name of an entity because it is much easier to show the loan was “business purpose” rather than a consumer loan, which makes all the difference in foreclosing, loan pricing, etc.

I went back and took a look at the HUD sheet and it appears that they wrote my deposit down as $35k instead of $25k.

And it further follows that for unsophisticated buyers there should be more information and transparency, not less.Across large amounts of advertised inventory at large companies, the average gross rent yield appears to be around 15%.

It would make replumbing the bathroom much easier and running any electrical would be simple.

The next one should go even easier for you.