@Debra GrossYou need to give your best offer as per your analysis and investment goal.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

It sounds like your bank has messed up their payment schedule, I would be very cautious on proceeding with them - its is a HUGE headache dealing with a lender/servicer that makes mistakes like this

He's yet to pay October rent, but I believe he eventually will (he's sometimes late by 2 weeks).He never gives notice that he's not paying on time and usually pays before the 7 day non-payment notice expires.His lease comes up in late January and we have to send a 60 day notice (from what my property manager says) if we plan to renew the lease and/or increase rent (so sometime next month we have to send a notice).I actually own 3 others in that community and he's paying as much as 300 less per month than some of my others.However, this is not about the money, I own everything free and clear, this is more about headaches.

@Tony AliatimGetting into multifamily is a great option.Make sure you know the market well and have adequate knowledge of the multifamily deal process.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

You'll want to update the W9 info immediately, so that all revenue received after closing is reported to your 1099.You can try to create a new listing, have the current owner cancel guests and ask them to re-book under your new listing, but it's a headache.  

Get rid of the headache and move toward a simpler strategy that will eliminate your frustration.

Minus all the headaches of owning a single home since you have to be called for any problem. 

We are here to help each other grow.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

If you have a cash-flow-positive property that doesn't give you a big headache, I would definitely recommend keeping it.

@Galit GarsielYes you get all the money on closing as down payment from the buyer and rest from the mortgage lender.If you are new to real estate get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!