The time period is extended as you continue to buy and sell properties in this group, until you sell the last one.

This is only something you do locally, and that I assume would be the DFW area for you – max.The rest, such as the paperwork and avoiding usury, is extremely mechanical and can easily be covered by an experienced attorney and mortgage broker, whom you’ll need.

I have enough $ coming in to cover the $500/mo going to the seller should there be any periods of vacancy as well.

Window air leaned toward window and all condense water ran down my wall and ruined alot of 'structure'For me no window a/c's allowed period...went to all central air,,,everyone around here expects that anyway.

The rest of your NOI equation is up to you...

I dont recommend doing a CMA that the computer spits out because of too few datapoints.The rest of your plan sounds good and I dont think there is a shortage of houses in your area to keep the plan going.BTW some other options are Trading your property for someone who is having trouble managine small apartments, Exchanging property, O.F. with large down, getting rental commitments but not signed and appeal to commercial buyer, or Lease Option.

It would rest on the tenants shoulders as they created the expense.

I would not buy a residential property in a commercial area period.

Also, no periodical is going to come out against them, because, once again there is money to be had all around.So what is a person to do, but do the wise thing and take their time, as their expense, and spend their own due diligence researching the information.At this point, I have done that.

If they are really late (some state, like mine, require a grace period), as others have said, your lease should cover it.