So the banks who are in second position are cognizant to this and are getting totally screwed when this happens.2. and even more important is the homeowner who lost the home.. if they have no junior liens they are due the overage..

Here are a few steps and resources to help you get started.Corporate Housing by Owner (CHBO): This site offers a wealth of information and resources for homeowners looking to enter the corporate rental market.

How did you approach the homeowner about doing the STR?

I’m not sure what forms or agreements he is talking about but in KC if you are NOT the home owner, you must have an attorney appear in court even if you have a Power of Attorney.

However, Even in the most competitive (Sedona) STR market, only 5% of home owners use the formula that gives huge occupancy and prime market ADR, resulting in a strong ROI.

@Dallin GodfreyI always suggest that investors and homeowners avoid home warranties.

If so, you are in very dangerous territory and should definitely STOP all your dealings with this transaction until you consult an attorney and the CA foreclosure consultant laws which specifically prohibits taking advantage of homeowners in foreclosure (in default) against predatory investors. 

And her income is hard to verify.I'm willing to add 50% to whatever commission the apartment community or a home owner is paying to lease it out. 

You cannot be entitled to more than 418,000.Source: VA Loan Home Owner

Population continues at a slow decline but the renter to homeowner ratios are good.