It may seem like an expense you don't want to pay, but I promise you it will be cheaper in the long run than having a non-paying tenant occupying (and destroying) your property for the foreseeable future.Good luck to you.

In this case, some may be feeling like they just do not want to because they may really be considering action for fraud, etc or they are not getting anything from it, so just wont sign, or won't sign without compensation.Likely many other situations, so you really need more information to know how to  proceed or not.

So getting a kitchen in wont be too tough.

We are hoping we will be able to decrease our current monthly mortgage and use the funding to buy the house, then for the first 6 months while trying to find renters quick, wont have to worry about mortgage costs from the other property. 

Its an amazing deal that I don't want to walk away from (Cap rate 18+%, IRR 67%) but obviously that would change if he destroyed the house. 

Either way, my opinion is 30 years is way too long, if it wont cash flow on 10-15 years is not a good deal. 

Newly vacant after 5 year tenant destroyed nice carpet.

However , you were able to answer my question, I was not aware I wouldn’t have to refinance out of the VA loan in order to be able to use it as a rental property, with the catch being I wont be able trying re-use the VA loan.

In my opinion there is no easy answer to this, its one of those things you really wont know until it happens and you get smacked with a lawsuit.

I will not get my money back and I realize that but if we can put enough words out here hopefully they wont devastate someone financially, She has her name affiliated with that title company in everystate under National Director of Investeor Friendly Title Companies.