OS you need to focus on a team; agent, PM etc.

When I invested OS I bought properties that were 95% rentable and had the PM take over and fill them as needed.

Welcome Chris, I live and invest in Biloxi and OS area.

If os, don't focus on you authorization, focus on POA law/doc.s, and ask the POA for copies of the appropriate doc.s/laws.

L/Os. :)

If the HOA are not paid, then they have the right to foreclose on the property as well.Here is a recent article on the topic: http://articles.orlandosentinel.com/2012-09-19/news/os-foreclosed-auction-buyers-20120917_1_foreclosure-auctions-hoa-foreclosures-poison-pillOf course, Oregon could have a different set of laws, so...

Some here may get distressed with Wheel of Fortune solving a phrase like "G O S L W".Buying at a discount has been used by gurus for decades, they know how to make RE simple so that anyone can understand.

I'm not sure what the OP is asking, a guy does L/Os, is this your property, you buying with the L/O.

I suggest you speak to your end-loan lender to get their terms and requirements and then work backwards to your contract to meet those requirements.Sandy, L/Os are not good arrangements really to "control" a property to make repairs and improvements to.An option gives you no rights or authority to do work.A lease can't convey rights or authority to make improvements in many cases, your building regs dept. most likely only issues building permits to owners in title or licensed contractors.

There are only two classifications, doing RTO or SF or L/Os are not classifications as to setting any base line of fairness or fair dealing.