They would have been responsible for issuing and recording the mortgage satisfaction after they received payment.

Any individual would be out their real estate.

Quote from @Arun Maheshwari: Hi,Does the bank owned foreclosure property allows to put Inspection contingency for big issues like plumbing, eletricity etc.ThanksIf it is bank owned and the foreclosure has taken place - possibly but they would make you responsible to turn on power and water and turn it back off.

@Marie Copul from responses I've read my thoughts are going to be the contrarian.... 

@Jonathan Greene you didn't, that comment was more in reference to other responses on the thread.

Hi Zalman,Thanks for your reply, some quick responses:1.

There were issues syncing the reservation calendar, and it is nearly impossible to reach a customer support representative with Booking.com as an individual STR owner.

While I agree the rent by the room strategy can be great if you know how to manage it well, from a lending perspective, a lot of 30 year DSCR note buyers won't allow properties with individual room leases, so it could make refinancing more challenging. 

Thank you all for your responses! 

Please have a look.Based on my extensive research:Success Rate: 70-80% for experienced investors; 50-60% for novices.Failure Rate: 20-30% overall, with 10-15% resulting in outright losses.I'm looking forward to your response and the response of any BP members who would like to weigh in.Quote from @Mark Cruse: Never used software.