- If I decide to go the route of the quiet title procedure, how long does it take?

The lender will take the worse case scenario the tenant is using for language in the contract on giving loan and terms to minimize their risk.The lease usually has a procedure in place for when the option comes available with how much rent will increase and for what amount of time 1 year,5 years etc.

When it comes time for you to sell it, since no disclosure is required the suicide won't lower your asking price.Once you get it under contract, make sure you confirm proper procedure was followed following the suicide (she will have documentation if this is the case).

But, if I include it in my HM loan, it adds another 12k onto my losses, and I have to deal with the invoice clearance and inspection procedure to get my rehab funds.If I partner with someone who puts in the rehab funds up front, I can actually save myself some money by utilizing a crew that I normally couldn't afford using the HML system, increasing my chance of making this flip work the way I want, and allowing me to utilize my own funds as a safety net and/or start another flip.Kind of a great deal, huh?

I'll definitely checkout the fishtown area.Where can I find information about Philly's eviction procedures and the turn-around time to process evictions?

If you put a limit yearly on the number of commissions paid then it aligns your interest with the PM.If they know after 1 turn in a year they will not get more commission but just ongoing rents they will pay attention very closely on enforcing the tenant screening procedures and wanting to figure out how to get them to pay in full versus evicting.It's all about structuring things where it's not in the PM's best interest to do the easiest thing in the moment that might hurt your cash flow.

@Josh RichThe bank account for the Solo 401k can be set up at any bank, however, it must be established following proper procedure, we found that most bankers are not educated enough to do it correctly that is why we have relationship with couple people that are trained and know how to do it properly.

Even tho this was aimed at Bill, who could teach both contract law and bank - title procedures, "Best Practices In Lease Option Assignments" I will take a stab at.1.

These come to mind:* Member exit valuation/procedures is a huge one.

However, the procedures for eviction do vary by state.