Make sure you don’t confuse that with Tax CERT, which is just explaining how much of the RE tax is due and how much each party owes of the proration. 

It’s like pulling teeth from this agent and his explanation is “the seller is an investor” like that should explain why he’s so hands off. 🤷🏻‍♀️ we’re viewing the condo on Thursday and I hope the tenant is there so I can ask the questions your provided - loved those!

When you combine that with the property management fees that I was assuming that explains why those deals had a negative cash flow.

I haven't ventured into the commercial side but what you've explained regarding the confusion and lack of information makes sense.

You would have to rent out five rooms at $650 each to make those numbers.Either you've failed to explain the situation correctly or you need to walk away.

It will explain in much more detail.From my reading and speaking with an attorney (I’m not one, so this is not legal advice), you are allowed to raise rents 5% + inflation (which is measured by the CPI for last year ~1.6% I believe), so this year you could raise rents a maximum of 5.6% if my numbers are accurate.You may evict a paying tenant only under certain qualifying circumstances.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

The best way to explaining this is for you to download an IRR calculator spreadsheet or build your own simple one and play around with one.For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.

@Cory Lucas I would just call him and explain that she needs to be added to the lease.

Maybe you're not explaining it right and they are level with you or, worse case, they are not level with you at all.