Not having to work in this example means having the 15 rentals producing enough cash flow to pay all their costs, including all 14 old mortgages and the 15th (new) mortgage that is refinanced each year.   

HUD wouldn't change that without someone filing the appropriate paperwork.

There is no debt service coverage when a property is vacant/distressed and in need of rehab to produce a rental income situation.

No lis pendens have been filed in the history of the prior owner/this property. 

All operators must still file a monthly tax report through Avenu.

If he's unresponsive you will need someone to force a response then file suit if need be. 

From my employer, I have legal insurance through ARAG that covers 100% of attorney fees when buying a primary residence, filing fees are extra.

The plaintiff's and insurance company's attorneys seem to know the drill - which is that the case will be settled for under $20k.Have been told this amount is cheaper for the insurance companies than challenging the plaintiff's claim and going to a jury trial.In our opinion, this just encourages desperate tenants AND personal injury attorneys to file frivolous claims!

I filed a claim.Claim adjuster came out, fire department came out to log it and an investigator that works for a law firm representing the insurance company "Loyd's of London.  

Give your interest statement to CPA when filing taxes for more write off.