The unfortunate thing here is that investment properties foreclose at a higher rate than primary homes so many banks just don't want the exposure to this.

Closing on two units simultaneously was a deliberate part of my strategy, but there are pro’s and con’s to this approach:Pro’s- Each step in the process I’ve completed x2 at a time, saves a ton of time- As a new investor, my growth and learning curve seems to be accelerated as I do everything twice- Comparative analysis, I can measure experience on one property against the other - Working with one lender, settlement on both properties on one date- I double up the items on my task lists, which means if I make a mistake on one, I correct it on the other- Twice the investment means twice the income Con’s- Twice the amount of physical work, driving, cleanup and maintenance- Twice the risk exposure on the investment, I have two applications pending on one while the other I’ve decided to lower the rent- While my interest rates were very competitive, as a new investor I had to put 25% down on both propertiesSo far in the process, although I put more money down up front, it seems like closing on two units simultaneously has been advantageous to my cash flow strategy.

@Mark Coogan simple, walk the property ,whatever excessive damage gets taken from SD .

Or will these licenses give us to much exposure to liabilities?

There are two main ideas in the thread, follow the lease or let her out of her lease if she wants (lets for a second ignore the added wrinkle that she wants to stay longer) If we follow the lease we have limited our exposure to adverse outcomes.

Then use the excess to invest in "fun" projects.

I am using a few tips and tricks I learned throughout my research and exposure to BP.

Running through it in my head, I would assume that for the first year of the project you would take the excess profit (after the 8 - 10% preferred return), and use that to displace the money in the reserve account.

Excess funds typically go to the county/state unless the homeowner files for the surplus prior to the sherif sale.

No excess information can legally or ethically be shared by the listing agent to a buyer even if he represents that buyer.