but as stated came roaring back.. but on the SFR market in PDX metro it was not massive devaluation.Lastly in my mind it all revolves around access to money.. in 07 to 2011 investor money dried up..

Once you have the knowledge base built up and criteria defined, you will feel much more confident on pulling the trigger on a deal. 

There is a lot more planning to protect all side of the transaction and keep away the bank's "Due on Sale" clause from triggering, but it can be done.Good Investing...

I was kind of skeptical with the whole situation being that I saw how friendly and chummy she was with the other couple and very dry and stand-offish with me. 

I was kind of skeptical with the whole situation being that I saw how friendly and chummy she was with the other couple and very dry and stand-offish with me.

However, if it's for anything monetary like that, you now have to serve a 15-day notice (instead of the previous 3-day notice), which does not include weekends or holidays, and serve the tenant with a new informational notice of their rights under this new Tenant Relief Act (which must include a blank declaration of COVID-19 related financial distress).If the tenant then submits the declaration back to the landlord within the 15 days claiming they are unable to pay, it triggers the eviction protections under the Tenant Relief Act and they cannot be evicted for non-payment. 

The initial tenant screening process can be very cut and dry, but then people move in and life happens.

Just trying to decide when its best to pull the trigger.

It might be a discussion to have now before you pull the trigger on the new arrangement, especially if it's going to mean the loss of their effectively paying you ~3K/year (by their paying the current mortgage).The question of whether you can pull cash out is separate in a way, and really up to the lender.

That does not trigger the tax.