Do I have to have the sellers fill out an authorization to release information for me to call their bank to request at payoff?

Call your local housing authority and talk to the head inspector for subsidized housing.

There is still a rule of law and unless he wins re-election in 2012 his term and any authority will end at 12:01 PM on January 20, 2013 at the very latest.

If the seller's contract had a subject to clause then they weren't authorized to let you take over the loan without CW's authorization.The worst that can happen is CW will call the loan due, usually 30 days but negotiable; you will lose whatever money you have invested if you can't pay off the loan; and the sellers will get a foreclosure on their record if they can't pay off the loan.If there is enough equity in the property you may want to try paying it off or selling it.

The author has so many papers for each tenant to sign prior to moving in and his app is like 5 pages - just curious on what you guys use?

Paul, buy the book:Buying Real Estate Without Cash or Credit (Paperback)by Peter Conti (Author), David FinkelIt talks about ratios/percentages as well as gives scripts.By the way, where are you getting this large fsbo list?

I think everyone should have of copy of "The Creature from Jekyll Island" Although, since it is out of print (hmm), here the author lays it out nicely in this you tube series.

What's even more startling is that the authorities aren't doing a thing about it!

That may shatter Dubai’s goal of creating a sustainable economy by building the Persian Gulf hub for finance and tourism, forcing it to depend on oil-rich neighbor Abu Dhabi for financing. “Dubai is more precarious than it has ever been,†said Christopher Davidson, author of “Dubai: The Vulnerability of Success†(2008, Columbia University Press). “If the property industry collapses in Dubai, it will be finished.

In fact, the author recommends group investing for newbies, especially in commercial real estate.Commercial Real Estate for the Small Investor by Nicholas Mastershttp://www.biggerpockets.com/forums/79/topics/27136-commercial-real-estate-for-the-small-investor?