I know the seller rather well as I arranged the financing when he built the portfolio.I expect to use a property manager given I am out of state.John Corey

I then immediately arranged for someone to come by the house to examine the mold.

The house I plan to rent is in a nice neighborhood - so it matters that the lawn is kept mowed, the sprinkler system is used, and the flower beds are kept weeded (or at least not allowed to go completly wild).

You may, however, wish to consult with the Department of Housing and Urban Development to determine their rules regarding real estate sales and the arranging of FHA loans.

I provide them the tenant's name and phone number when there's a problem, set some guidelines about what I'll pay and what needs a call back prior to work being done, and then have the tenant and maintenance person arrange the time to do repairs.

entering into an agency (agreement) with real estate broker that involves you as a buyer simply means that the broker is working on your behalf - meaning - you're the client and the sellers are customers.a broker or a sales agent that you enter into a buyers agency with simply give the broker of record an exclusive right to help you - you can't go off and close on real estate without them - for you, this type of arrangement is good because you have the piece of mind that the broker/agent works for you (you hope - even with agency sometimes agents get mixed up with this because it's the little things that make or break agency).as far as using an agent - they might be able to run comps for you, let you know certain things about a given area pertaining to rents, values, general info about the locale that may help you find the best for YOUR money.know this about co-ops - you're not buying real estate - you're buying shares and in return you obtain a proprietary lease to a unit which is owned by the corp.

One of the board members is retired and has nothing better to do than to walk up and down several times a day with his clip board, making notations about every little thing, then calling the Management Comp to fine the owner for such things as : too many flower pots on the patio/balconey, anyone who has decorated their front entrance with holiday decorations such as hearts on valentines day, bunny rabbits on easter, Christmas lights are out of the question.

I also arrange them by risk.

Loss mitigation techniques include the following: Special Forbearance, in which the lender arranges a repayment plan based on the borrower's financial situation and possibly provide for a temporary reduction or suspension of payments; Mortgage Modification, in which the lender reduces the monthly payment and/or extends the term of the mortgage; Partial Claim, in which the lender obtains a one-time payment from the FHA insurance fund to bring the mortgage current; Pre-Foreclosure Sale, in which the borrower avoids foreclosure by selling the property for less than the amount necessary to pay off the mortgage, and Deed-in-Lieu of Foreclosure, in which the borrower gives back the property to the lender.

WVBaker,As you stated, I suggest that you arrange financing before you look for properties.