Even though the house was originally bought with cash, this is still considered a 1st position lien, correct?

Food in fridge is from April this year and it basically looks like someone was half way through moving out and then something happened and so a bunch of stuff is still in house. specifically one room filled with about 10 burner phones, 3 tvs, personal clothes, mail, kids personal items and bunch of random stuff new with tags, etc etc. he also had pets which was against lease term. one of the rooms was used as a pet room completely destroying carpet and staining walls with urine etc. 

They generally don't want unpermitted issues on the books any more than you do.Better to do this ASAP and not mess with it, you want to show that you are serious about getting this corrected.

You are correct, the only way to use hard money is to have them cover the purchase and the rehab.

Verifying rental history often takes a long time tocomplete due to applicants not giving us correct landlord contact information, landlords not returning our callsor refusing to give us any details.We also deal with applicants trying to have family or friends pose as theirlandlords.

If you are correct, I think it's far more than just the multifamily market that will be in trouble.

From, "someone ate my food" to "someone takes long showers and uses up all the hot water" and even arguements over parking spots.Who wants to handle all that extra nonsense for "free"?

While I’ve gained more experience in real estate over the past couple of years, I still want to ensure I’m handling this situation correctly.

For an off-market deal, the broker doesn’t necessarily have a fiduciary duty to me if I’m the buyer, correct?

John, not sure if you are familiar with the current STR situation in Huntsville, but the city has shut down STRs that are not zoned correctly and also not permitted.