Some lenders don’t require a seasoning period.

We are still in the holding period but we have tested the market a few times to sell it and it is estimated that the home is valued at approximately $420,000 so there has been a lot of appreciation over the last 5 years.

Should I be giving reduced rent during the renovation period?

You can then get the mortgage in a holding company where both of you guarantee the loan.

There is no lease language that will guarantee protection.

Crying ….as you say not relevantHealth issue.... not relevantMarket rent...extremely relevantCost of tenant turnover....not relevant (cost built into expenses)The cost to you of reducing her rent is:late payments, chasing her for rent, excuse after excuse, ultimate eviction and vacancy plus a loss of $100/ month in the interim (plus a guaranteed lose of a minimum 1 months rent, if not more, before you ultimately get rid of her.)  

We do, however, have some unknowns that we want to investigate before closIng, and have an inspectIon period once the contract is sIgned.While thIs has been developing, we’ve been driving for dollars and mailing to property owners.

Here are my numbers I tried to link to my direct excel sheet last post but it wasn't working so I'm just going to copy and paste.Property Type: Single Family 4 bed 3 Bathroom     Mortgage Calculation Property Price $ 180,000.00     Loan Amount $ 173,700.00 Down Payment of 3.5% $ 6,300.00     Interest Rate5%Loan $ 173,700.00     Loan Length (years)30Rental Income $ 1,500.00 Cash Flow   Payments per year12  Out of pocket $ 1,172.46   Total number of payments360  Tenants Rent $ 1,500.00   payment per period$932.46 Monthly Expenses Cash On Cash Return   Monthy Payment with Tax$1,497.46 Taxes $ 450.00 Down Payment $ 6,300.00   sum of payments$335,685.30 Insurance $ 115.00 Closing Cost $ 3,000.00   Interest Cost$161,985.30 Electric $ 100.00 Rehab Budget $ 7,000.00     Water $ 70.00 Total Investment $ 16,300.00     Gas $ 50.00       HOA $ -       Lawn $ 25.00       Vacancy $ 100.00       Repairs $ 50.00       Mortgage Insurance $ 115.00       Capx $ 100.00       Mortgage $ 1,497.46       Total Monthly Expenses $ 2,672.46       

These include (but not limited to) mortgage payments, taxes, insurance, utilities, HOA fees, etc. that occur during the Rehab period and up until the property is fully rented.2. 

Not everyone will win, but you can guarantee that 100% of quitters or non-starters won’t win either.