If the lease says rent is due on the 1st, I would give her the option of following the lease or moving out.In the future, every offer to purchase a property with existing tenants should include a request for an estoppel.

I would assume hourly but so far I got 3 offers and they just posted $25.

What hourly rate are you offering?

Additionally, failing to close a loan over a fiscal year is a huge red flag and usually leads to termination.I want to dive headfirst into RE investing to gain that experience I mentioned above.

@Nick Maugeri no bank will offer a LOC on the properties (even with very attractive LTV) bc they don’t want 2nd position.

Here are some additional advantages of real estate that you can share with your family member:1.

Additionally, in our state (WA) tenant is responsible for duration of lease until re-rented and the cost to re-rent.

everyone wants to look at 3 properties, make 1 offer and be done. 

- Have they ever had to call additional capital? 

Just got word yesterday that the seller accepted my offer on a 4plex!