Spend time underwriting the sponsor and make sure they have a team that can execute and that their goals are aligned with your goals.

If so, execute a change of lease and, to be shining landlord, once he's out, offer to change the locks.If not, expect (or ask for) notice from both parties and prepare for turn-over.

My dad is into land management, I have a background in executive administration and my husband is currently a property/maintenance manager for 150 apartments - 3 large buildings.

I don't plan on exercising the "advanced strategy" just because there wouldn't be enough runway to execute and it does sound risky.With regard to the bidding service, I did speak to one and I know that they are trying to sell themselves but they implied that the professional bidders basically collude with each other...not only taking turns to keep prices lower for themselves but also bidding up prices when there is a newbie there to "educate" them.  

JUDGMENT AND LIEN INSTRUMENTS Document Type: Judgment Execution Date: 08/07/2000 Instrument No: U627719 Recorded Date: 09/18/2000 Amount: $14,525.66 Holder: STATE OF TEXAS ----------------------------------------------- Document Type: Judgment Execution Date: 09/13/2005 Instrument No: Z039170 Recorded Date: 01/20/2006 Amount: $14,570.70 Holder: DEPARTMENT OF THE TREASURY - INTERNAL REVENUE SERVICE ----------------------------------------------- Document Type: Judgment Execution Date: 08/31/2005 Instrument No: Z112380 Recorded Date: 02/24/2006 Amount: $1,172.00 Holder: THE STATE OF TEXAS ----------------------------------------------- Document Type: Judgment Execution Date: 05/04/2009 Instrument No: 20090564462 Recorded Date: 12/15/2009 Amount: $15,953.12 Holder: WACHOVIA DEALER SERVICES, INC.

I have developed relationships with numerous local lenders and banking executives in the Baton Rouge area by doing exactly what you are doing.  

I'll be doing the same thing after executing orders this summer.

My background is in executive search - headhunting, recruiting, and that sort of thing, I've been responsible for co-founding and running a mid-sized headhunting firm in Toronto since 2010. 

Hey BP community,How much seasoning (history of rental income) is needed when going to execute the ‘refinance’ section of the BRRR strategy.

If you purchase the property as tenants in common, then either of you can sell or pass-on your interest independent of the other - unless you have an operation/shareholder/partner agreement which spells out that the other party has first opportunity to purchase the holding of the other should they want to sell.You are headed in the correct direction that you should have an operating/partnership agreement between you and your sister ... it's worth spending a few hundred with an attorney to have one drawn-up and executed.