Your lease should have a notices required recital, certified mail, return receipt requested to the address of the tenant, notice effective upon the mailing.

@Denise CardwellTry applying the deposit to lost rent for the lack of 30 days notice first then damages.Also, the detail isn't in your post, but just in case, never send out a pre-signed lease. even when using doc-u-sign (or the like) you can specify who signs first and can designate your self last.

What you are talking about is a down payment, so if you can get 80% of the property financed at 4.5% and use the LOC for the other 20%, your effective interest rate would be much easier to deal with.

No, your lease will remain in effect and pass on to new owners of mineral estate. 

There are some new guidelines going into effect in August 2015. 

Just my opinion however.Here is a stabilized look at the property:9,500 market rent (all 14 units at the rents you mention above)- 15% for vacancy, concessions and loss-to-lease = $8,075 effective gross incomesx 50% expenses= $4,037 monthly NOIx 12 months = $48,444 annual [email protected]% cap rate (lowest I'd go in this area) = $569,292

Understand personal finance from a formal education side and you can see how a borrower may be effected and the analysis there is also appropriate.Dive into your state's foreclosure laws, when you see a term, like right of redemption, look it up and study that, Google it, on lawyer sites and see how such are applied in different situations.

You can send an offer directly to the seller without going through the agent but that may not be very effective.

LLC bank account, and things go from there.Also, if you are paying them interest etc, it is best to do this on a quarterly or better, yearly payment, due to cost and hassles involved in multiple small international transfers - more cost effective in one big lump.Hope this helps....

I guess I've been over reactioning to the effect soft hits have.