I wouldn't think that any title company wants an outstanding loan commitment or any buyer would want that.To double check contact Rachel Popper in WPB she is a RE attorney and owns a title company.

You have the taken a great step to committing to your success.

Never buy without at least a title search/commitment.

Im not completely sure how committed he is, but it would be nice to purchase a list that big.

Some places will not insure a home if,as an example, it has two layers of shingles on the roof.I would be up front with the lender and up front with your insurance agent BEFORE you even commit to a formal credit check on a loan to get answers.Fannie Mae also has some really strange rules you might have to abide by...talk with your lender.

Most towns will have this online search for Tax Commitment Book on your towns Tax Assesor page

"thank you for letting me know, I will look into it"I make no commitment to correct the situation and assess the situation case by case as to whether I will contact the tenant or not.

If some ask if you for a longer lease term then I'd inspect the apartment before you commit to that.I'd probably inspect each unit anyway with conditions sheet, and all new paperwork for the tenant and you.Then 6 months out I'd do it again with another increase, start with the worst apartments first, with the next increase and or non renewal's and start renovating those units for up to market rates. 

I'm a big advocate of using this opportunity to find your own agent who will be an asset to your team going forward.Search here on BP on how to interview agents and commit to one who can/will help you grow your business.  

Some of the new rules include:Continue to pay $50/yr for each rental property for a business "license"That license could be revoked or suspended if a crime or ordinance violation is committed on or near the property by the resident or their guests.Owners must undergo an eight-hour training course with police and fire departmentOwners must update the property to make them safer and at less risk for crime.All rental property owners must live within 50 miles of Ferguson or have a manager within 50 miles.The license can be suspended if the utility bills for two or more months go unpaid or if the utilities are not turned on within two weeks of them being shut off.Just curious what others think of these additional requirements.