Not sure how CA works but keep in mind that in NJ if the other heirs don't want to deal,the one heir can step up as Administrator and take over the estate on behalf of the others.

And, I would not use any administrator just because someone has not heard any complaints or assumes others have done research on them.I have a basic SDIRA with IRA Services in San Carlos, CA (no checkbook access) and I use them frequently for real deals I do all the time.

Neighborhood has little pride of ownership, drug activity, etc. there are jobs as its next to a large prison, schools and hospitals.Rents really cannot be increased as there are new developments renting new 3bd homes for as little as $600.Tenants are typically short term and if screening is tough the units remain empty.

My fiancé was the one who wanted to go to the free 2-hour pitch, and drug me along with her, although I resisted a bit.

I had a interesting topic this morning with one of my relatives about "Drug testing people on food stamps" and it sparked an interesting debate, BELIEVE ME!!

All of this is curious of course because when FHFA first submitted the RFI the administration had already been leaking the idea about the Bulk REO/Rental concept, you can cross reference Google news and search by date to see what I mean by this.

There are 3rd party loan administration companies that will also "professionalize" the loan transaction, and give the lender more peace of mind.Many advise, for the security of the lender, that you execute a couple of additional documents: (1) document permitting the lender to deed the property to themselves if you are more than xx days late on the payment (often 30 days), and (2) an assignment of rents, allowing the lender to intercede with the tenants and begin collecting the rent directly if you are more than xx days late on the payment (again, 30 days is common).

The ones who don't give a damn about a drug dealer and will smack the lights out of one like he was his son.

I have a buyer for this vacant building.Buyer sends out contractor to look at the inside.Security guard says he can't come in to look.I call seller and he does not have any security out there.Talked to asset manager at the bank and they have not foreclosed on the property.Sometimes the asset manager said the city of Atlanta will secure a property to keep crime out but she thinks it is drug dealers as well.

They all said it was a nightmare management situation with endless turnover, drug activity, etc...