As far as rent increase goes, you will have to give them a 30 day notice to increase the rent.

Approaching anyone who has received a notice of foreclosure is now covered by law as a foreclosure counselor or agent, you can't just approach these people as a business without compliance issues.The reason the authorities cracked down is because people were being scammed and "assisted" by people with limited knowledge some probably based on guru stuff and they caused more problems then they ever solved.

Something I've noticed is many properties are listed with the '12 (pre-AVI) assessment so you have to be careful before you get too excited about the numbers and ensure you're looking at the post-AVI tax burden.

I'd love to do deals in HI one day, just giving you guys a heads up, I'm sure I'll come knockin!

I just started my first LLC in Florida and noticed the county requires a business tax receipt for ALL businesses that do business in the county.

If renting is $100 cheaper than buying (and you MUST consider the total cost of owning, not just the PITI payment) then save that $100 and you'll be ahead.

The last picture you can notice some shingles lifting up during a storm last August.

They can call ahead and have it transferred as of the day they are moving in.

I definitely plan on talking to an attorney before moving ahead with any deal.

After this discussion I have taken more notice in my market and this is exactly how other investors in my area are selling on terms (lease to own).