Furthermore, maintaining rigorous property management practices, keeping thorough records, and implementing robust tenant screening procedures can also mitigate risks.

Contrary to what you may hear, I do believe that you should have properties in LLCs, for reasons I won't get into here, but let's say I sleep well at night having full first-hand knowledge of litigation procedures and knowing that if my real estate endeavors fail, it won't be due to collapse from liability.

There are 100 ways to circumvent the testing procedures. 

Even those claiming asylum are not in compliance with the correct procedures for seeking asylume) They actually can and do recive help from US taxpayers.

Review the contract for terms and procedure for default, if any are written.8- Keep a copy of their refusal to complete the work as Contractor Default, keep the final $5k as contractor default.9- Pay the new contractor to fish the job, let the Old contractor deal with trying to get the last 5k from small claims court, which they will likely fail to achieve.PS yes I blew past “what if permits are not signed off as complete” thats a PITA of its own thread.

You do not loose any data, as long as your QuickBooks is set up right and you have a process and procedure to record the transactions.So let me ask you a questions, say you post it to COGS - and I ask you what your profit is for this year. 

Can anyone guide me for REO foreclosure list and how is the procedure here?

Looks like Oregon has strict laws about notice and cause for termination, so you may want an attorney to advise you so you’re following proper procedures.

These procedures can assist you in learning from experienced investors, identifying possible partners or contractors, and making sound investment selections.

Solid paycheck and you will quickly learn what makes a good rental, how to manage rentals, policies and procedures, and much more.