If we decide to sell the property, can we give the tenants appropriate notice or do we have to wait for the end of the lease term?

Noticed a post earlier for a BP Dallas meetup... will certainly keep my eye open for the next one, and look forward o meeting some of you in person!

There was a judgement foreclosure notice taped to the door that showed the owners name and the name of the bank.

There are a lot of people who over pay for properties, but those are the ones who end up in foreclosures when the market turns and the rent decrease while vacancies increase and they can no longer afford the mortgage payment.

Although i'm not a contractor, the only damage that I noticed was some slight cosmetic water damage in a few small places on the exterior trim boards.

I go there for a conference every year and there has been a noticeable year over year improvement with more happening and vacant commercial space filling up.

I spoke with the property manager about this, and she said the board doesn't enforce it, it's unenforceable (apparently the development period has passed so it's no longer a valid rule since it said DURING the development period specifically; she said it was requested by the developer to prevent investors from buying the homes and renting them out initially which would decrease resale value) and they have no intention of enforcing it, in fact, they want to take it out because they'd rather have the houses occupied than empty, which causes other problems.But she also said that they will actually be meeting with several home owners to discuss as some want cap or outright ban.

No guarantee that people don't fudge the numbers, but since the expenses decrease their tax burden if they are getting creative they would be overstating expenses, not under.  

Note that there isn't a third party "Loan Servicing Agent" for this loan because the custodian did not require one at the time the loan was made (I noticed that they now do require one).  

I am new to REI and noticed a lot of seasoned investors have been buzzing for awhile about this 2016 crash.