If your loan is owned by Fannie, Freddie, or a HAFA participating investor, the deficiency will automatically be waived assuming you can show a real hardship.

You can have something built to code but not permitted, while something that's permitted is automatically built to code.In my area, the city requires a permit for any work on a house that exceeds $500 - i.e. it's mainly there to make money for the broke municipality - including paint, tile, flooring, any concrete work, door and window replacement, you name it.

Are you saying that because the final infusion of cash comes from the buyer, that the buyer now automatically has paid for every aspect of the transaction downstream?

Each time, after speaking with one of them, and asking them to assure me that if I make a payment another one will not be automatically withdrawn, it always is.

I would have to speak with the contractor (check references and license) who will be doing the install to ensure that it will be installed properly as well as check into local laws regarding the upgrade, does it automatically become part of the property or when the tenant leaves will they want to remove the granite countertops because they paid for it.

Would be nice to have it automatically go through our software when it is collected.

I wouldn't automatically throw it out.

In some places residential lease can not exceed one year but can have automatic renewals, banks also go with that in mind as well.What you can do is lease annually to the NP with an automatic renewal.

Another issue is drug usage, sale or manufacturing are sufficient grounds for an automatic termination, in fact here, it's an immediate set out but the landlord will need to prove it.You do have the right to enter for repairs, treading lightly on the tenants right to quiet enjoyment, but things can be miserable to the point of a tenant wanting to break a lease too.The story of an Executive Director of a housing authority property is true, where he removed the front door to make repairs to it and the tenant left.

Good opportunity; Might fine tune this, looks like it would be 4 years of rent if that's the case.Why not do an annual lease with an automatic renewal that makes it likely that the next year will kick in and continue unless you both agree to terminate (but he could terminate following certain steps).You sign a note, you write him a monthly check, he endorses it back to you for rents or exchange checks.