Was is secured by the property? 

Things to consider: daily internal operations, external branding and operations, lending, in addition to inside out *legal protection and outside in** legal protection, privacy/anonymity/identity protection and security...Prevention measures at different levels, preventing the attack from being initiated vs preventing the attack (lawsuit) being successful vs reducing the damage of a successful attack.... there are many elements and I see people pick one and argue about it without looking at the whole

Heard the owner was interested in selling so I proactively reached out and secured the sale How did you finance this deal?

What is the best way to officially inform the tenant about the management change?

@Vito DiIennaWhile I have not had to get a Letter of No Objection myself, if I had to do it, I would go right the the DOB, go into the Office that you can get an official Cert of Occupancy and ask them what is the procedure to get the letter.Normally, you will need to provide evidence.

If you want another layer of protection get an umbrella policy.You don't want to trigger the due on sale clause for a likely low interest mortgage.Also if you aren't operating your LLC 100% you likely only have a false sense of security. 

I personally collect a security deposit and get the damage protection waiver for added protection.

Hi All,I recently secured my second rental property using a HELOC and now I'm thinking about my next purchase.

Extensions may be granted for valid reasons, like needing more time to secure financing or complete due diligence.

This financing option provided the flexibility needed to secure the land and begin planning the development of 12 patio homes and two duplexes.