The poet John Milton’s words, “They also serve who only stand and wait,” may be both profound and genuine, but the true riches of life are far more likely to accrue to those who actively go out and seek them.

what other costs would I accrue starting out?  

:)In complete honesty, my original plan was to continue to accrue rentals until net revenue exceeded my monthly income.

She then explained that the receivership was terminated last September and there was a lean placed on the property for $1820 with 9% interest in which she is unaware if the interest started accruing.

Except that when a mortgage is accelerated to maturity, notice, the amounts owing may go into a non-accrual status, interest stops accruing, if you're getting into foreclosure issues you need to look to state law as to the expenses allowed and limitations on fees charged.Yes, David is correct, the only way to ensure a bid is to show up and bid.States may allow provisions for lien holders to cure the default outside of sale. :)

So if this was done when the fridge happened, and when every time a violation has accrued, then when they get the notice- it becomes a standard practice and the "norm" to get another one over the lawn.

Here is an example of one of my private deals.Paid 60k at an auction for a beautiful need nothing homeTook out 12% zero coupon financing without points. 24 month balloon. interest accruing, but not compounding.I sold the home on owner financing for 170kI got 10k down (non refundable) at the time of signingI got 1200 per month for around 18 months They cashed out and after I assisted with closing costs and credits and closing costs, I brought home another 76k.Overall, I had a nice income while the home was selling.

You may want to include both the remedies for contract breach and deadlines as well as the tenant obligations for partial and full payment situations.For instance if they pay the rent in full but do not pay the late fees, do late fees still accrue?

Until he conveys the units he will be responsible for that liability as it accrues.

She might have HAD a loan balance of 90,000 but since she hasn't paid in months and months and legal,fees,principal payments,and interest has accrued the payoff has ballooned closer to the 114k.Does the owner live there or is this an investment property ?