The length of time before actual foreclosure would range from a little as 21 days in Texas to “years” in New Jersey and New York, and many other “judicial” foreclosure states.  

Without the judicious use of leverage (debt), success in real estate investing is severely limited, especially when the investor has limited capital to work with.If you’re looking for 8% ROI with little - moderate risk, no leverage is necessary.  

Is the process administrative, or judicial?

We sent old manager a formal letter stating she was not performing so we were hiring new management.

I use Quickbooks online for the formal accounting so it's easy for my tax guy to get in there and do his piece every year, since I have an LLC per building.

Her dad left Abu a small grocery store.Chinese women at the time received no formal education.

Property Management LLC: Managing both properties through a new LLC is fine, but ensure formal lease agreements between yourself and the LLC are well-defined to maintain liability protection.

These additional costs and formalities can be very substantial and time intensive.

If his lease was formally terminated, and you have a new tenant coming, he is out and does not have the option to stay.  

But, if they don't have some sort of formal training/experience within the industry hiring them is a terrible idea (from what I've heard).Just to put this into perspective, all of our bookkeepers are U.S.