Maybe, maybe not.....depends on how secure they think their position is.

It’s a great method for acquiring properties with minimal capital, but I prefer a 1038 for more doors (just my opinion).

@Sarah Torres I found BP on a google search when I was comparing flooring methods for return value.

The goal being to be break even after termination fee getting the new tenant in place and revenue starting back up for rent.If no personal guarantee and single LLC guarantee for one location you have no security.

I will physically pick up the rent from them if they don’t want to use these methods, but there’s a $50 fee for that.As for 3 ways to “not” go about collecting rent...

For example, you buy the place and the tenant could claim the Seller allowed them to paint the walls black or that their security deposit was twice what the Seller claimed.

The seller has already provided soft copies of the 1040 to the bank but with social security numbers and other personal information blurred out.The question is... why does the bank need the sellers 1040 from IRS?

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

This method does not increase cash flow it buys cash flow at a cost of approximately $2 for every additional $1 based on the opportunity value of cash.

If there is something in your lease or a law you can probably keep the security deposit up to the amount of notice the tenant was supposed to give.