Quick question, I am looking at a rental in NH (where I grew up and my family and friends are) but I’ve had a few people tell me that you cannot evict tenants in the winter time and if you get bad tenants you have to bite the bullet until spring.... seems like bull but since a few different people have told me I’m now curious.

I for one think it would be a mistake to buy a 10K property without the capital to cover your *** when things go bad.

Very easy to pull a bad comparables if your Realtor doesn’t know what he’s or she doing.  

Not in the sense of bad properties or anything, just in the sense of too many rentals in the area and the gov't might try and step in to stop it.

Realistically they should have already moved out, since they have not you should assume you are in for a fight.

There are bad boy carve outs that can cause the loan to go recourse.

If I have a bad appraisal, I just pull that property out and put it in another portfolio for a different bank.

Tenant had bad credit which he explained (540-570); I wanted to rent the apt for the winter so I wrote a 6 month lease and explained we could extend if all goes well (lease dates Dec 1 - Jun 1).

Every market has its good areas and bad areas.

View report*This link comes directly from our calculators, based on information input by the member who posted.this is my smallest deal to date. Bought property for 13,500 plus 3500 to wholesaler. sol...