This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

In the simplest of terms, with numerous caveats, it's like a finders fee without having a RE license.

Thanks for the replies Loc and J,Actually the situation is a little different than in my original question, but I wanted to put it forth in the simplest way.

clients of mine who did not have 600 dollars to do the simplest repairs and they end up defaulting on us.Land lording takes reserves and not just a few grand. the no money down deals that are done with sub too and sandwich leases in my mind are not appropriate unless you have a lot of knowledge and cash reserves to make sure you don't twist up your seller...

I've found that the hope that a good Lawyer can routinely tell you how to proceed is justified only in the simplest of matters, and not always even then. 

The simplest foolproof strategies is to have full downpayment for conventional loan, investing in some rental with a cap rate 6-8% so that gives you positive cashflow.

(A Mortgage/DOT does not have performance to it, the Note does)In its most simplest definition, a non-performing note is simply a note which the borrower does not make payments that coincide with the terms of the note.

Everything you have to do is remote, from the simplest things that otherwise would be a drive by on the way home.

The sales contracts I've been finding all seem to be stuck in 1975, when you wanted a piece of paper that made your lawyer feel at home, which you could xerox and reuse for every deal by filling in blanks and attaching appendices, without having to retype it.Even the simplest are still dark and full of terrors.  

In the simplest version, a fly-by-night company offers to negotiate with the borrower’s lender to arrive at some sort of workout, thereby stopping the foreclosure.