Yeah, about 30 yrs ago I helped my boss remove possessions by putting them on the  curb while the tenant was at work, then boarding up the house.

As a landlord you have rights on the other hand possession is 9/10th of the law.

You gain possession of the money, without having the bank in the middle of the process.For the record, 3% discount applied to a rent of $1030 translates to $999 :)

I'm toying with the idea of purchasing a less expensive property outside of my local area for buy and hold purposes, and also toying with the idea of putting an LLC in possession of the property for legal protection and to reap the other known benefits of having an LLC...However, I don't want to ruin my personal chances of getting an FHA loan for a more expensive home in my local area with little down as a first time homebuyer, and I wondered what the word was.Do I still qualify for an FHA loan even if an LLC in my name is in possession of habitable property?

This has been diminished as of late by some higher court rulings regarding note possession.  

Whats the worst damage or worst case scenario once i take possession of the land.thank you in advance.

And if you give them a key, what does that imply as far as "possession" of the unit?

This means that I possess something (20+ 5-star reviews) money can't buy - at least not any time soon.My goal is to network with local investors who are looking to earn more out of their rentals, or willing to JV a property with me.

It's difficult to get an owner to transfer ownership rights for possession to a straw-man operator, taking physical title without payment.

I just bought a tax lien in AL and through discussions with owner and neighbors we know that the likelihood of redemption is basically nill so we've started the process to take possession of the home and quiet the title.