They are moving on/up to improve or better suite their personal life situation or they have discovered they do not want to adhere to the lease rules.

But after a little digging I just discover that a sex offender used that address as his last known address.

Discovered BP a few months ago and am intrigued with the power and freedom that Real Estate Investing can hold!

If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

If you're managing it yourself without notifying the HOA, you're actually breaking two rules: 1) the unit will be managed by a property management company, and 2) you must notify the HOA of the name of the property management company.Regarding the proposed "on paper" property management agreement, that might be considered fraud if it were ever discovered.

While doing my research I discovered that during hard times, my relative reached out to an associate of his to help cover some costs (including the down payment).  

So my name is Andrew and I have been reading books and listening to bigger pockets and hearing its podcasts and webinars, and throughout all of this I have discovered something: Where I live (Long Island, New York) is not a good market for my partner and me.

I'm not saying we have to be perfect, we as humans are flawed, but we also have to strive to be the best version of ourselves to allow for the right people and opportunities to come into our lives....So we open up ourselves and have a free flowing energy that lets the universe give us all that we want and be able to manifest and become the person we always knew we could be. 

Your state laws allow you a certain amount of time to process the property, discover any issues, document exactly what you have deducted from their security deposit and why, and then mail them any remaining balance along with the itemized deductions.

I look forward to meeting many of you and discovering ways we can help each other move forward.