He says his tenant is to blame for renting it out.

For perspective I purchased a duplex in late 2022 using an FHA loan for 444k that I’ve been rehabbing while living in it as well as renting one unit, once the rehab is complete this summer comps are showing I’ll have roughly 200k in equity to tap into.

I have (13 months) remaining on a lease of a townhouse I am currently renting.

Assuming NJ allows it, I would add a clause in your lease specifically calling out the forfeiture of deposit if the tenant breaks their lease early and/or does not move in.You may also be able to attempt to collect rent until the unit is re-rented.

It will take into account inflation and such.  

Me as the Managing Partner shall have full and sole authority and responsibility for managing and operating the business of buying, flipping, and renting of real estate properties.He as the Silent Partner shall not participate in the day-to-day management or decision-making of the business of buying, flipping, and renting of real estate properties.My question is, when establishing my LLC to buy the property do I have to add him as a member of the LLC in the certificate of formation?

The lost opportunity is worth a lot so lower your rents like every week or so.

As interest rates continue to hold steady at an inflated rate, cap rates continue to as well.

I rented it out for 3 years pretty much got back that 50K then sold it for 200K.

Hi all, I have a tenant that signed a 18 months lease and kept delaying on their rent payment in the first 6 months.