Hi the seller has a tenant who 's lease expires december. he offers two options:1) sign the contract now and wait to close when the tenant leaves in december .2) close now and keep the tenant. 

Under SB 567, the notice to terminate tenancy must include a description of the work to be completed, copies of required permits, the date the owner expects to complete the work or demolish the building, and notification that if the substantial remodel or demolition is not commenced or completed, the tenant must be offered the opportunity to re-rent the unit at the same rent and lease terms as when the tenant left.

Therefore, you may struggle to cover expenses from rental income until the current lease expires and you sign a new rental agreement.Selling rental properties in high-tax states in exchange for a similar property in a more landlord-friendly state is a common practice for rental property investors.7.

I currently have a HELOC with Wells Fargo for an investment property I own in Brooklyn, NY, which the draw period will be expiring.

How do you find expired listings?

Some of the headaches in this process:1) Duplex wasn't ready for inspection, even though Listing Agent had set the date. 

It was a short notice showing and the place was immaculate even though they obviously had two little kids.List price: 315,000Comp: 310,000-340,000Current rent: 1,800 (expires April)Comp rent: 2,000-2,300Rehab: $1000+turnover costs?

It should have a specific start date and end date.

If you want to figure out the value logically, you can create a spreadsheet that will show your cost of financing and principle paydown on an annual basis to figure out the break-even date between the seller-financing price vs paying market price, but with bank financing.You mentioned a 40-year term, but is there a balloon?

Start by noting the date of the furnace and air conditioning unit—old units may need to be replaced.Some mobile homes were not manufactured to have air conditioners, so it should be a big red flag if you see window air conditioner units.