I don't like the idea of taking advantage of anyone, but personally if I found an opportunity like this I would understand the reality of the situation is that if you are able to make a favorable deal, so can anyone else in the market, so might as well strike first and be more reasonable during the turnover process so you can sleep well at night. 

Charles,I like the idea of deferring taxes until death :lol: I plan to enjoy the mula while here!

Ask them direct about short term rentals and what is being discussed.That is a great idea! 

Ultimately they failed and I did buy the house subject to, but they had a couple more years in the house and I gained all the equity over those years without the holding costs.

It sounds like there were a lot of things done here that would not protect you when something like this happens.They are not squatters; they are hold over tenants.

I started acquiring buy and holds with my business partner last year and we are up to 15 units.Lately I have been really focused on moving on from my W2 job and expanding the business we have.

Most of my BRRRRs in the past I had to force appreciation - usually 4-6 month construction, labor, material and holding cost.

Your attorney will have a better idea as to what is cutomary in your area, generally acceptable for private money.

i’m buying & holding, long term. cash flow is my priority. let’s connect!

Investment Info:Single-family residence buy & hold investment.