Read Tip 5.Tip 5: Until you know the law and the market, you should hire a professional to handle the investment for you. i understand you can learn a lot from wasting 18 months to evict a non-paying tenant but you could spend 1/10th that amount hiring a professional and then learn through them.

Also, most sellers won’t vacate a unit prior to closing since many buyers don’t actually close, not without a significant non refundable EM anyway.

To make matters more complicated there is a non- owner living in the house.

I wanted to know if someone have a due diligence checklist for non performing notes they would be willing to share.

non-rei if possible)  that could help introduce these ideas to him?

Additionally tenants that pay late more than a couple of times should be given non renew notices.Excessive late fees may help somewhat but the reality is that your tenants have been trained by you to pay late.

How is the rehab scene in centrally valley - it looks like cash flow is almost non existent ?

The non-cash out LTV on a refinance is also 75%.

You should also see if you’re bound to the current management and if not, considerself managing and all you need is an great cleaner (which is usually one of their staff on their off time anyways).

I done that for several years till I went to work after retirement for a non profit that provides full coverage as a benefit.