[Calc Review] Help me analyze this deal

[Gerry Harris]

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*This link comes directly from our calculators, based on information input by the member who posted.

This Property is in Ohio. All units are currently rented. Rents are fair, could be higher. I am doing some reading on the landlord forum as we speak, But any information and advice on buying my FIRST rental would be helpful and much appreciated.

Thank you

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It is state dependent. 

If They are on month-to-month leases you can switch over to your lease almost immediately. If they’re on an annual lease and you have to wait until that lease is up. You could talk to them about signing onto your lease as long as it is beneficial or not some huge inconvenience for them to sign your lease. I had to live with her or me a five dollar late fee which really doesn’t motivate anybody to pay on time. Fortunately for me I’m done with that and now they’re all under my late fee policy