Note that the process above is per Oregon landlord/tenant law.My advice to every landlord I talk to is this: Learn your state's landlord/tenant laws, make sure your lease complies with the law, follow what the lease and law say, be fair but firm when it comes to performance of the terms of your lease.

@Yasmin MohamedThe advice you're getting here is sound.What it basically comes down to is developing an understanding for what constitutes a good deal for you.It's entirely subjective and up to you.

So I guess the question comes down to: Is 8% management fee fair for a 19 and 20 unit project...

And we are currently seeking advice on how to fund this deal.The total package is 660k, and the seller offered to carryback up to 15% of downpayment needed.Do any of you know lenders or private money partners you have dealt with that we can reach out to?I

Jon is right -- " Subject to " is best - Check security deed ( mortgage ) --if there is a clause 13 - assumption and or " Due on Sale " clause.

So if I do make the wrong choice, all I've got to look forward to, is deadbeat tenants and lots of grief !!!

The main reason I fell short is that I didn't buy nearly as many properties in 2010 as I planned to. I

The act that I am referring to is the "SAFE Mortgage Licensing Act", which makes Loan Originating without a license illegal.

I just checked title and the person I sold it to is losing it to foreclosure.

I don't know their name, LOL, the office to go to is the "Office of the County Adminstrator".