At the moment they are behaving rationally and opting to stay month-to-month -- I do not want to raise rents, they have been great, I just also do not want to be left holding the bag in the fall and summer since it is historically harder to rent the unit out then.Thank you!

Accrue some actuals, both financial and managerial and get smarter on reality versus theory & concept.

A lot of this concept is explained in the Keynesian Beauty Contest theory where only the top competitors get the most notoriety but the best picks are hidden in the field.

What  a powerful concept!! 

I understand the concept of wholesaling but I want to learn more than just the basics.

Same concept of buying a single family home that can house 1 family compared to a quadplex that can house 4 families.

Everything you said after that, is you rationalizing with yourself it was OK that you did.Rationalization is the most expensive word in the dictionary, and should never be used by a REI. 

@Mario AmThe Appellate Court of Tennessee disagrees with you in their interpretation of the Tennessee Real Estate Broker License Act...at least if you hang your hat on the concept of equitable interest. 

The owner owes about 167K on the mortgage and wants to get rid of the property because the contractors she had, gutted the living, bedroom, and dinning area to give it an open concept without her approval while she was away. 

@Ashish Acharya, what IRS publication or form instruction outlines this concept?