So he asked and knew I did not work with a buyer agent.He declared "dual agency" when he saw me at the property.

Those declaring bankruptcy expect to have their payments lessened, but those expectations are usually dashed.Some info in this other thread is worth reading:http://www.biggerpockets.com/forums/105/topics/40365-looking-to-help-a-friend-property-auction-date-set-3-weeks

For single family scenario, i am planning to manage my self and for fourplex, i am planning to hire property manager.Single family home I am talking about in very good area (McKinney - Texas) declared as 5th best place to live, but again in Texas we are not getting big appreciation in price.

If it was too much, I declared the obligation as Not Marketable.

Quick question:If I wanted to drive say a 70k muscle car as my company car, is that deductible if in the company name?

If so, what would the bank go after - would it calculate some value for the home, and then declare that the homeowner still owed the difference between that value and the amount still owed on the loan?

If the borrower elects not to cover against other "insurable perils" the borrower has assumed responsibility.Now, let's say the country of Zimobangbang declares war on the US and bombs your house.

They will declare BK, they will contest legal actions.

At that time I let them know what the new rent will be (generally 3% increase) and remind them to renew their renter's insurance and send me a copy of their declaration's page.

To me, it indicates that the seller is waiting like a vulture on the only tree limb in the neighborhood wrenching his hands for the opportunity to take the property back.Did you ever think that a note holder could simply throw a check in the trash and never deposit a check, just declare default after thirty days and foreclose?