As the new owner, you would need to operate according to the terms of the existing rental agreement (written or verbal) until you enter into a new rental agreement with the tenant.In the absence of a written rental agreement, you will need to proceed with caution.

You will have a boss, and tasks to perform.However if your motivation is to simply make a good income, the team route can offer that quicker, as you will be piggybacking off of their reputation and in place marketing efforts.

A bad wholesaler will lock up the property,  and simply hopes someone might be interested.Ask him to be honest.  

They lost during the crash and are fearful of entering the market again2.

it simply implies that one buys the property and prays that it will appreciate(A bit of humor here)

.; They entered into the debt knowing they would not be able to afford it and ultimately file for bankruptcy.

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational, thought provoking ideas relevant to REI.

Did you simply loan someone a bunch of money and file a lien against the property?

:)I'm entering this with zero experience so I would definitely appreciate any recs for must-read threads or blog posts for multi-family buy and hold strategies, especially for people living in expensive markets.