For Los Angeles County residents affected by the wildfires, this could mean an extension of deadlines for filing returns and paying taxes.

I know it is by means of assignment free in an assignment contract, however, what troubles me is understanding the process of assignment free.

If the seller isn't responsive, then do like the idea of telling the tenant you tried, and see if they can get some free legal assistance from a tenant resource center.It is a good reminder as closing approaches to ask the seller to keep tenants updated on the pending sale and when ownership is scheduled to change.

Legitimate, in this case, means that the entity is part of an overall business investment strategy whereby you have a business plan, tax returns, and the funds you seek are for further business expansion.If, however, the LLC is a stand alone entity, is not profitable, or is not legitimate, then your probably better off putting into your personal name and securing funding that way, or still talking to local or regional banks to see if they have any loan programs available where you might be able to secure financing.

What I love about Baselane is that it was built BY real estate investors FOR real estate investors so it's really dialed in to what you're going to need in order to prepare your taxes, keep your books up to date and the more operational aspects of being an REI like tenant vetting and processing rent payments.

I would hold at least one year and rent out as short term rental,might ending up keeping for 2 years

Two, the tenants will likely stay longer and there will be less turnover, which mean some savings on turnover costs.

Quote from @Jordan Moorhead: @Joe S. check out Virtuance.com Thanks..I will keep them in mind.I made an order already this morning with Home jab.

Keep in mind that inexpensive properties are inexpensive because they are less desirable properties in less desirable areas and attract less desirable tenants.

I have a city rowhouse with a 20' sidewalk and 5' wide steps with 9 treads and two 7'x7' landings. It's a 4 family, I just don't want that kind of transactional relationship with any tenants. At another property with ...