As also mentioned, utilizing a land trust would be the easiest way around this clause and adds additional protection/privacy to your property.

Some lenders require that you have significant improvements made to be property and documented by a certified appraiser (in our state additional appraisal certifications required to do PMI appraisal) which has to be submitted for the lender review.

Thanks Mike.The problem with Long Island (Even during this Real Estate slump we're in) is property values here in addition to the ridiculous taxes and insurance make it very hard to cash flow.

Once the deal is closed, there is not much motivation for the seller to get the tenant out...the additional time costs him absolutely nothing, since the rent is not his after that point.

And because the addition we were adding on wasn't complete, they're also asking about the structure.

•I do not have text messaging on my phone and never plan to add it.

In addition to the advertising, I would get out of the house and meet people.

In addition, some lender loss mitigation departments have their own rules, policies, and procedures.

We are currently trying to do that very thing as we have bought several apartment buildings in an OK area and are trying to make them better by improving the property.We have also set up a community group (a mastermind group of sorts) that is now meeting and discussing issues and trying to bring our area up by making improvements.Our goal is to collectively bring our apartments up a notch, which we believe will increase rents, reduce turnover and overall bring a higher price in the long run.If anyone has any additional thoughts or feedback on that process.. please post.

Just a couple of additional thoughts.