The extra rent lost due to prolonged non-payment while waiting for abandonment to run it's course may be more expensive than a flat-fee, no contest eviction.Bottom line is this: failure to follow the correct procedure could, ironically, make you liable to the tenant.That is not harsh: that is just one of the (many) dominoes that fall when someone commits a crime. 

I would simply be careful going condo.. maybe learn a little more about all the different types of investments first before committing to a condo deal (of course I dont see what you see or know the numbers you have)

But do consider them while RE-Negotiating the Price, as per additional Repairs Costs discovered by your various inspections.Purpose of good attorney and good Building Inspector is to use the inspection reports to RE Negotiate Prices and Get adjustments - if you need it - for the repairs costs or get the repairs done by the seller before the bank mortgage commitment. 

On the flip side, if we were committed to Worcester, is it worth waiting 1,2,3 (maybe?)

Hi all,I'm committed to start a career as a real estate investor so i'm working on getting myself educated by reading books, blogs, podcasts, asset protection,  analyzing properties in the Dallas-Fort Worth Metroplex (commercial and residential) to a point where I can differentiate the good deals from the bad ones, I've been looking for conventional bank loans to get pre-approved and start making offers,  here is where my first question comes up:1- Since i'm very close to jump into the "good credit score range" I've been thinking over and over whether I should just go ahead and start applying for loans or wait until I improve my score a little bit more and get a better interest rate because I don't think that my rate will get re adjusted once i'm already approved, right?

Before committing to a deal, I don’t just want to know how much of my money is required, I also want to know how much of my TIME is required.  

@Ricky Rigsbee, Here is my opinion of the order of operations.1) Learn enough about RE Investing to decide if it is something you want to COMMIT to. 

On a 30 unit apartment complex, even just moving that much paper around could be problematic based on scale and amount of time committed to the plan.Your analogy of selecting which stocks to buy/sell is appropriate. 

But at the same time my ultimate goal is to have Rentles and the market has went up so much in our area that I’m afraid we will end up really over spending and taking even longer to pay off the new property to reach our max profit, We have $40k saved up and are planning to get out of North Dakota after 8 years and go home and my plan is to do the (small repairs) to the properties and put them on the market and take the money to start flipping foreclosed houses (still need to do a lot more research on that as well before we commit) sorry for such a long story but I’m just looking to see if anybody has any suggestions or experience with any of the Situations I’m in, thanks!

A lot of times they'll try to put all kinds of stuff in there about non-compete, minimum time commitment, ownership of all leads, etc.