The seller then has the obligation to deal with the tenant issue of his making - not mine.If there are no leases or the tenants are month-to-month, give the state mandated notice to terminate the occupancy and let them know that if they would like to stay that they will need to execute a lease and the rent will be higher to reflect current market prices.Congrats on your new acquisition.  

It will come down to the numbers and being able to successfully execute the switch.With 1031 exchanges or other techniques, you can deal with the hurdles.

I contacted various out of state developers who had experience executing these kind of projects and pitched the idea of building an affordable senior housing community with priority for veterans.

Numbers 2 and 3 are within your control and you can significantly shorten the timeline by making decisions and executing documents quickly and by using competent foreclosing attorneys.

I have no idea what your contract assignment looks like and what material conditions, like contract execution and financial consideration, are included or not included in the contract.

All my developer clients and other clients I do PM work for, I have an executed contract that specifically spells out my specific duties and responsibilities, what is excluded and it does the same for the client.

I understand it's hard to start a property management company being in the military, as I've been in this life for 13 years and have my own business as well as hold a corporate executive position.

It's going to hard to execute but at least these clauses they signed will hold them against and they might think twice. 5. if it's small project, try to pay for material via HD online or phone and have them complete project and pay them for the day of work completed accordingly. 

No lender will be happy on that and may execute a pay in full clause.Good luck 

I'm now officially signed up through this site and excited to learn and execute.