HOA is $175 per month.This property is in a great location... located in a large urban park in a historic neighborhood currently undergoing serious gentrification (hundreds of millions in multiple residential/commercial  developments all over the neighborhood, both city and private money).

Sadly, it probably won't be cheap to get it done properly.

Many times, I collect past due rent by skip tracing them, and serving them the proper paperwork for  and evection and taking them the magistrate court.

Yes I realize this is completely on us for not managing our property properly.

Inventory is still at an all-time low, and we've basically accepted that as the new normal for the past few years - especially due to the fact that there is practically no development in the SFH arena - only for new apartments/condos - and those can barely keep up with the demand. 

This avoids the issues you get when taking on tenants that were not properly screened by the old landlord.Your only option now is to walk away or push current owner to evict or move to cash for keys. it may be to late to request the unit be delivered vacant, but if not that's what I would suggest doing. if you follow through with the purchase, keep this tenant on the shortest leash possible and start saving up for the (very likely) eviction cost.

Oral month to month contracts are perfectly valid, and transfer along with the property. in fact, this is nearly an ideal situation since month to month contracts give you more control of the property, especially with inherited tenants who we assume were not properly screened when placed.

We have 6 rentals, one spec currently for sale, and a few developed lots waiting to build on in a nice neighborhood.

Homeowners can install proper screening for windows and patios to prevent no-see-ums from entering residences and outdoor areas used for leisure and entertaining.

I look forward to getting to know everyone.Getting started in real estate investment has been on our list every year but this year we have been scaling back the consumer side of our business so we can focus on developing in this area.