That’s a no-go in my personal book.If you are cashflow positive, then it really depends on your personal goals and whether that Cash on Cash return is an acceptable return for you.

My offer has been accepted, but I just want some more assurance that I am going in the right direction or is this a bad deal.  

I sent my tenant the rent increase letter with the two options, accept the rent increase and renew for one year or vacate by such and such date.

@Danielle Jackson So I should have been paying attention first off I accept that.

No Jay, I expect people to analyze things from multiple objective perspectives and come up with a conclusion based on facts, not emotions or hopes, not like you who has made up their mind and refuses to accept other possibilities. 

@Elizabeth M Williams please shed more light on the type of investment you are using that can accept 1031 dollars but not give the exchanger a tic interest in the real estate?

To move out without an advanced notice is not ok, esp they knew they had an offer accepted, doing a home inspection, the whole process takes at least 30-45 days for someone with decent credit. 

Once you have a purchase agreement and earnest money deposit together, how much does it cost to have this accepted and recorded with the title agency for escrow?

For every deal we get an accepted offer on as investors or as agents for our clients, we do the OPRA request right away.

Goal is to no longer accept money, or checks.