Thank God our new tenants weren't home, but they are, not surprisingly, scarred ****less.We let them out of their lease and I think they are going to move to another house of ours.

We chose to rent through Lloyd Properties because they also have a real estate division and your apartment lease contract has a clause allowing for early termination of your apartment lease (with no fees/fines) after 45 days in the unit if you close on a property using a Lloyd Properties Real Estate Agent. 

I gave them a 1 year lease with no raise to their low rent. ( I know - dumb).now that it’s up I’d like to raise rent And offer them a 2 or 3 year lease so I have security. 

In WA we have CBA (Commercial Brokers Association) which produces leases, PSAs etc. and most people use/accept their docs.Check with with the department of licensing for CA or local trade groups. 

They converted an old school into luxury lofts on Mineral Springs near Seneca St. 

My thought it is, it is a risk that can be mitigated with strong leases and insurance.Also, when you first start out, and form a new LLC there will be costs.

I always ask landlords if my applicant has given proper notice and if they are breaking their lease.

@John Vietmeyer show the underwriter your signed lease and that should satisfy them to allow you to start a regular policy.Underwriter don’t want to be stuck with a property that will be vacant for months but they do understand the realities of gaps between tenants.

Great way to give back to the community just make sure you protect yourself w good lease and upfront communication (language barriers?)

. - List price is $195,000- Sq ft: 6200- It’s been on the market for over a yearTaxes in 2016 were $4720- Apartment on top floor has been consistently leased while the building was in use.- There is mold according to the agent- I asked about lead paint and asbestos but agent wasn’t forthcoming (or didn’t know).- Building was built in 1940, all brick- There’s a loading dock and large garage door in back.