You don't need to, but I've always given my bank a heads up so there's no surprises.

or go ahead and sell it and use cash for the triplex and duplex ($82k down for both) and have  $35k left to work toward getting the quadplex in 2024 when it's available.thanks in Advance  

If you plan on updating it or rehabbing, make sure to understand, you don't know, what you don't know and keep that mindset to figure things out ahead of time. 

So, we are trying to figure out quickly if we should go ahead and have me put it on the MLS price it high enough to pay off the original mortgage and the other liens on the property (we don't know an exact number on this, but we think it might be around 30k) and see what happens.

Team building in this case is just a distraction, but nothing wrong either with preparing some names ahead of time.

We are wondering if he should go ahead and sign up for a real estate course.

So, we are trying to figure out quickly if we should go ahead and have me put it on the MLS price it high enough to pay off the original mortgage and the other liens on the property (we don't know an exact number on this, but we think it might be around 30k) and see what happens.

I would go have the seller call them just ahead of closing and soon enough to avoid the cheques going out in the mail and then have you pick them up on the first of the month in person.

Something I have noticed is we tend to occasionally have a tenant who seems to think that rent is due on the first for the prior month.Despite late fees, constant reminders, etc. they will without fail pay their rent one month late.Aside from threats to evict, is there a better way to screen tenants like this out ahead of time?

many properties are listed for sale such that purchase plus rehab is greater than ARV.these properties are not good deals =)but sellers generally don't care - it's not their job to worry about investor formulas.