A lot of it had to do with marketing to the MCM, things such as "concierge medical plans", "shared vacation homes", "shared Winnebagos" etc, which really doesn't interest me.But a lot of it had to do with the mindset that got these MCM where they are today.

.- 3,1 - 986 sq ft - Built in 1940 - Rougher Side of Houston, but NOT a warzone, in fact this street is more of an elderly neighborhood, This house is close to MANY of Houston's attractions (downtown, reliant stadium, minute maid park, the Toyota center, Texas medical center, museum district, and about 4 Universities)After my due diligence we came up with the following numbers.- ARV = $82,500 (which was conservative, recent comps for smaller houses came back slightly higher)- Repairs needed = Around $10,000 for rental - (Needs central air, some rotten board on the outside, some doors/sheetrock repair, and painting)We wanted to try to start out with a $10,000 assignment fee to split between us and work our way down depending on what they would take as an offer.

Usually, you'll have to show some reason (job loss, forced move, medical situation, etc.) as to why they aren't going to be able to repay the money.

In such cases, this power, which is given to the lender to sell the property, can be executed either by the lender, their representative or a trustee.Power of sale California foreclosure guidelinesIn the case of the deed containing the power of sale clause that specifies the time, place and term of sale, the procedure has to be followed at the specified time and place.

Not sure if this is the right place to be posting this.I am looking for the legal procedures of purchasing and liquidating Commercial Foreclosures.

If you do it on an ongoing procedure than you will build a safety net into your plans.

Yes, thanks Dan.Sorry about my wrong wording....I'm trying to find the do-it-yourself step by step procedure of writing these things up, and the step by step procedure of when to notarize, when to record...etc., etc.

> Lease Orientation DVDYou can easily create a PowerPoint Presentation going over each paragraph of your lease and house rules, as well as general procedures such as maintenance requests, trash pickup, definition of "Emergency", proper use of disposals and toilets, and whatever else your tenants frquently have problems with.

PS: Post back and let me know how it goes...PPS: I used this exact procedure to build a monster D&B commercial credit rating for an LLC I needed to do REI.

I have my medical through my wife's employer and it is not a high deductible plan.