I applaud anyone that can do both, as it definitely makes some extra cash when you don't have to fork over 10% of your rental income.I interviewed a few PMs in my area, and have had some experience with bad ones.

It is far better if the landlord just lets Tina out of her lease, and accepts Sam as a new tenant.Or, the landlord might let Tina out of her lease, accept Sam as a new tenant, but also require Tina to guarantee Sam's lease for the final six months (using my example) of Tina's lease term.Either one of these accomplishes everybody's goals without getting into messy technicalities that come about with a sublease.Most leases contain prohibitions against subleasing without the landlord's consent.Many leases charge a one-time fee if the tenant subleases, or is let out of their lease and a new tenant accepted.That is because the situation causes extra work and risk for the landlord. 

The property is probably the best in the neighborhood ($-wise), but only due to extra buildings on property. 

I Always advised buyers to count on having to chip something extra in, above the purchase price, in situations like these, and adjust their offer accordingly.

I calculated that if we could pay $300 on top of the mortgage each month, we could have enough equity built up by year 2-3 to refinance out of the FHA loan to a conventional loan.Key Factors... 30 year mortgage, 4.25% interest rateI'm still thinking about getting a 15yr fixed rate, payment would just be higher, but mandatory as wellSo, I have a couple questions. 1.

It's just unsecured.).Your note determines the correct payoff calculation, not a form provided to you by title.

For analyzing, definitely use the BP calculators to your fullest extent.

DO i let the tenants keeps them with the rental increase or should I remove the storage from the tenants, charge extra for storage or rent storage to other outside folks?

Or will I have to do some extra research ?

Or will I have to do some extra research ?