I haven't looked in a while, but I'm pretty sure you can't do a cash out refi with conventional, only an existing purchase money note.

DC has very strong tenant protection laws so it could potentially take years for the existing tenants to move out on their own (at which time you could convert that unit to market rent for the next tenant).I would NOT count on eviction as a strategy.

If there is an existing lease/rental agreement you must honor that lease provided it is an arm's length agreement from tenant to old borrower and the rental amount is not substantially less than fair market rent.

Yet, it is money she is owed per the existing agreement.How are you setting the price of the property?

You are contractually obligated to your existing buyer.

I have partners on all 3 of my major investment projects right now, and I am starting another project with one of those existing partners.

In the case of an unemployed tenant I don't bother with the collection agency, but I still file it all with the courts so anyone doing a background check or credit check will see the eviction and unpaid amounts.I'm tired of taking a hit by these tenants, so I'm making sure all my existing tenants understand that there are consequences for not paying your rent and breaking a lease.

An existing lender/lien does not prevent owner financing.

So your stuck for a year from your existing property closing, then you could run another fha thru the fiancé.

Very respectful and appreciative, rent paid on time every month.I would place a lot of weight on the vibe you pick up on the initial meet and greet of the existing tenants.