Seller has been advised that only after Servicer receives a complete Loan Assumption request package will Servicer then be obligated to begin processing such request.

(I opened the Florida markets and ultimately was responsible to buy/rehab/lease/manage over 12000 single family homes which we bought 1 at a time from Q2 2012 to Q4 2014)  Lucky me, I can say I have signed more individual closing packages than anyone in Florida history... that and $5 still only buys me a cup of coffee at StarBucks!

I reported the interest I earned from my notes there.But, since I bought my notes at a discount, I also earned income from the notes due to the discount element.

Obviously though, if the tenant the OP is referring to has an eviction history or as a package was just a poor applicant, then yes, the PM should be held accountable for just ramming whoever into the unit to fill the vacancy.

Remember also that the banksters were not only guilty of predatory lending, they also packaged essentially worthless mortgages into "Mortgage-backed Securities" which they then sold on the open market.Too many "wrongs", few, if any, "rights".

I think that when an investor loses the elements of expertise, control, and liquidity in any investment, things can and will go south rapidly with any bump on the road. 

I see on Loopnet there has been a guy selling a package of homes here in The plaza, 10 Penn, and Gatewood area.

The condos at Sunset on Stock Island rented very well and came with a slip you could rent at that time for addl revenue or rent as packages to weekend warriors.  

I'm in contact with the seller of a package, a few stores, a restaurant, and 15 residential units.

When i refer to a portfolio loan, i generally mean a package of properties under 1 loan.