This step-by-step resource is designed to demystify the often complex world of lease agreements, providing you with a clear understanding of the process.

Here's a suggested approach:Verify Rent Increase:Request a rent roll from the seller to cross-verify rental history.You can ask the current tenant for confirmation, ensuring transparency and avoiding surprises.Contact Existing Tenant:Communicate directly with the current tenant to discuss the property and their intentions.Understand their perspective on the rent increase and their willingness to stay.Reason for Previous Buyer Backing Off:It's reasonable to ask the seller or their agent about the reason the previous buyer backed off.This can provide insights into potential issues or concerns with the property.Negotiate and Due Diligence:If you're still interested after clarifying these aspects, negotiate based on your findings.Consider conducting your due diligence, including a thorough inspection and possibly consulting a local property manager for insights.Evaluate Costs and Risks:Assess the costs associated with potential repairs and factor in the risk of the increased rent being accurate.Weigh these costs against the reduced purchase price and potential future returns.Remember, due diligence is crucial in real estate.

Here's an explanation with a sample at the end:Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called estoppel form or agreement).

I hired the professional guys for this and it cost about $4500, but that was for the whole friggin basement.The other thing that I would do is to tell this tenant that they are welcome to leave and move out and go somewhere else at any time, and I will gladly let them out of their lease early providing that they are current on their payments and haven't caused any damage.

That said, I want to avoid getting into a situation where we want to sell but we're under water on the property.Ultimately, we'd be counting on property appreciation and our sweat equity to provide enough value to make a profit if we decide to sell a couple of years down the road.

I just freshly turned 19 and I got my license when I was 18, On what advice you can provide as a REALTOR?

Since I'm not based in Pittsburgh, I'd need you to send me the dimensions.... but if there's someone locally who you can hire to measure your units and provide a 2D floor plan, that would make things a lot easier!

I tried to set up an in-person visit after a virtual consultation because I was ready to invest, provided that they had truly made the progress that they said they had.

Subsequently, I obtained estimates from licensed contractors, but the costs were significantly higher—3 to 4 times more—than those provided by non-licensed carpenters.

Provides access to larger investments with shared risks and returns.Debt Pay-Down: Use rental income to pay down the mortgage over time.