Therefore, we have discussed going the section 8 route so it would be a win/win, with us being able to collect the market rent and the tenants can stay.

I don’t know if I have any legal recourse with the city for this, but I get the impression that the neighbor is not going to be easy to deal with.I’m in contact with the title attorney who originally did the closing/title insurance and I’m hoping they can provide some guidance on what we should do. 

If you're showing units, executing Leases, collecting rent, etc...all of that requires a license.

That is, rent rates, deals, collections, etc..

In other words - whether collectively or not, we each have 9 left?

I was under the impression that the issue was the entity holding Title, not if there was a mortgage on the property or not.

@Nathan Faucett, while you are developing trust, there is no reason for it to be seen as "I don't trust you", especially if you spin it in the context of: "hey I have have been watching you work on these and I am truly impressed with how you are handling the process.

My question to the forum is this:Q: Because I failed to set the tone of managing the property like a business (office hours, system for collecting rent, etc.) should I let the lease of the current tenants run out and get new ones in?

Let me know what you think.As a matter of information, smoking is prohibited inside our rental units.If you decide that the apartment would meet your needs and wish to proceed with the application process, a “deposit to hold” binder equal to a month’s rent would need to be collected at that time.

Buy SFH for $850K with 7K sqft lot, and install a 2 bd ADU for additional $100K costWe see here on BP that a lot of people are saying that OC is overpriced, and people should wait for the next downturn to jump in.At the same time, we’ve got this cash just sitting there collecting 1% interest…and a baby coming.