If they aren't professional tenants usually two things will happen.1.

Please work with an experienced and knowledgeable professional in this space to get it right.

It depends on the salesperson's professionalism and experience.

Been studying the real estate in the area for the last 6 months and now looking at creating a new network of professionals and friendships.

Besides the info here won't cost you one red cent and there are experienced professionals in various aspects of real estate investing from residential to commercial, licensed pros, wholesalers, rehabbers, landlords the works.

I operate my businesses in a professional way, documenting, and setting standards and rules.Some of you may have missed that I have only heard of this happening twice.

This savings could translate into a higher return on your time since if you paid back your 49,200 and only have 20k left @12% interest lets say your month cost to hold the property is not substantially less in the absence of obscene closing costs or points.Option B:This may be an investors dream cash back 45k in your hands and a property with no skin in the game "infinite return," assuming you still cash flow with 120k of leverage on the property.A tenant would be paying your mortgage, taxes, insurance, and etc while you've retained the property, received 45k non taxable proceeds from the refinance since the asset has not been sold, and potentially making some income each month if the numbers work.120k @30 year fixed 5.625% is only about 690.79 per month and taxes and insurance I'd wager (depending on state) is probably 130 more.

Giving the market a completed package including: a dialed home including light professional staging, great listing photos, creatively written MLS listing, updated termite report and clearance, home inspection report, adding the listing to brokers caravan, circulating a marketing brochure, and setting open houses every weekend until an offer is accepted; we do these steps on every listing.

We paid a professional to have gas lines added to change the range to gas.

I have others that are business owners or high level professional who are happy with a quality asset at a 7 to 8 cap and want 50 units or more to be hands off with structure in place.