Yes, I would terminate current renters, period.

You aren't allowed to secure the house during the closing period.

I've searched both the forum and the internet and seem to keep running into the dreaded 6 month seasoning period.

If notification by mail is used, the 14-day period shall be deemed to start on the day the notices are deposited in the United States mail.Subd. 2.Landlord's punitive damages.

Again, keep in mind the exit cap rate is a projection of what the asset expects to sell in 5 years (or whatever the hold period is) and nobody can predict the future.Solution: Ask the sponsor how they concluded their exit cap rate and where they are getting their data from.

Also, some HELOCS require you to reestablish them at relatively short periods.

You need (at least 40 or 50 sometimes in my case.) of individual “reasons” for income and expenses (property #1 rental income, #1 management expenses, #2 income, #2 management expense, #2 plumbing repair, #3 income, #3 management expense #3 landscaping expense #3 commission to realtor finding tenant, #4 income #4 management #4 landscaping…etc etc..) this will then either equal your deposit or have a last line that shows the amount you are out of balance where you missed an item or entered an incorrect amount.Doing this let’s you produce a report of any property’s  income or expense over any time period.

For example, you buy turnkey with a down payment, there’s going to be a several year period that it will take to recoup your investment to do it again.

I am not happy with this period.

@Marshall Secord Most conventional banks require a 6 month seasoning period to be able to perform a refi, so you have to have your cash tied up for that time, with that comes a 30-yr fixed at around 3-4%.