Recently I had a situation where the HML for the end buyer would not allow the buyer to take title in the LLC therefore I had to do an assignment.

I specialize in helping people in the (geographic area you focus in) area who are facing foreclosure, which may or may not apply to your current situation.

In that case, redeeming the second would mean the first was still in effect.Without knowing this information, its impossible to evaluate the situation.

I only have 20K cash and want to buy up to 2 rentals if the situation is right in the next year or so.

I wasn't sure where to post this as my situation is a little odd.

Yep, I'm a broker and I advocate not using one in this situation as you will typically pay double origination.Sure, portfolio lenders will accept a package from me but they will not give me wholesale rates and zero origination unless I have negotiated a master loan commitment with them.

What occurred in our situation is the building was fully rented and in the purchase agreement there was a clause that one of the tenants would be given a 30 day notice that they would have to move once we closed.

Does your lease address this situation?

Roy, There is a solution for your exact situation.

Okay here's the situation, I hired a property management company to find tenants and sign a one year lease with the management company.. the lease was up in July and from there they go on month to month (correct me if im wrong)... so I emailed the property management company on September 30 to say that I want to cancel my service they're providing and become the landlord for the tenants.. but I get an email back saying that the tenants are going to move out on Oct. 4?!?!