If there's a management company, they should be going directly to management for deposit. 2) Unless the bylaws and/or declaration specifically state how many board meetings must be held, the board would not be required to hold any meetings unless there is a decision to be made.

You may have to declare the cash going forward if you want to leverage the cash you have.  

A couple others I waited until they were thrown in jail again and declared the tenancy and property abandoned.  

As a finance company, your operating declaration will need a little more than the standard real estate or operational LLC language. 

The Texas Department of Transportation also started building a tollway connecting Denton County to Dallas in 2013 though the final stages of construction have not been declared yet.  

If I were going to own one, that would be a good neighborhood for it.I didn't feel it was dangerous but I decided it wouldn't be much fun to wring cash from the tenants every week or turn up to sort out drunken disputes at 2am.But, no doubt there's a lot of money to be made, especially if you don't plan to declare cash income on your taxes.

I saw a great tip from a very active agent who said he wears a name tag everywhere he goes, declaring himself an agent.

You're right though, if I planned on keeping it, buy it, do whatever you wanted with it, and I'd have to assume at some point a judge would declare the recorded contract no longer enforceable, but the other "buyer" likely would have cried uncle by then.

Hi Jenny,I use www.upgrademycredit.comwww.notecollection.comThe "what ifs"The seller could die, could get legally incapacitated, could disappear, could declare BK, etcHouse could burn downTenant could default, fight you on improving credit, decreasing debt to DTI 43%, not allow inspections, bring seller to court as per the ATR rules of the Dodd Frank, etcAn RMLO prevents some of thes problems,  using a property trust solves others.I encourage all REIs to be licensed and consider listing for a lease with option to buy or a ROFR

The outline goes like:The tenant declares their specific "needs".