I looked at a building two months ago and they had two tenants one has been there 30 years, the other 25 years.Reason they stayed?

I've recently been throwing the idea around to just stay and rent (rent isn't too bad in Socal), and purchase an investment property that I can rent and cash flow (even if it's not a lot of cash flow).Wanted to know what area in the US is best for this, and where can i get in with a good investment.

Hey BP, i hope all of you are staying warm, it's 15 Degrees here in VA and i wanted to share a video I made recently.

I tell them that they are welcome to stay and explain if there will be an increase in rent.

They said that sandwich lease options are okay because you stay in the deal, but that you cannot legally do assignments without it going through a licensed agent / broker.I cannot find that statute anywhere and I have called the Florida Association of Realtors legal line to ask and the particular attorney I talked to had not heard of it.

I told my manager proceed with eviction + bogus heat service bill + late rent charge+after judgement; proceed with collection agency.I understand all this have cost & I probably will never see my money back.But if I let the tenant stay without them repaying late rent, eviction cost & bogus heat maintenance call.

Be sure to set up some Keyword Alerts for terms like "Seattle" or "Tacoma" or "Washington" so you can stay in the local conversations!

I was able to pull the lease out and remind the tenant that I was not responsible for her belongings or finding them a place to stay while renovations were on going.

@Jeff Kennedy I agree, it sounds like you have a small bank changing its business model to stay away from compliance issues, at least until they figure things out.Let's back up.

Stay engaged in BP!