Too many people involved to do a relatively simple transaction.

Given the legal challenges that can come with Foreclosure, I recognize the importance of having an Attorney involved for the Foreclosure process.

My question is since a lender is involved and I will be drafting up a contract how do I protect myself as to once I hand off the home he doesn't end up pushing me out (there is no sign of such and there is trust but this business)?

Payments will be applied first to accrued interest and the remainder to reduction of the Principal Amount.

Once you have REPS the distinction between passive income (or losses) and active income (W2) disappears and all those tax losses you have been banking can be applied to the W2.Good luck

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Accept whoever applies" is an idea that would cost you a bucket of money in the long run.Bankruptcy is usually a "no" unless it appears to be a one-time event caused by something out of their control such as a massive medical bill or a business failure. 

Seems like a great way for rehaber to make the financials look any way they want.I can think of a few technologies that might help track income and expenses across projects that don't involve saving pieces of paper / invoices / pdfs :)  

Fair Housing may not apply to you, but you should know for sure if you intend to deny their request.2.

Success is most influenced by persistently applying proven concepts...it takes an informed plan over time.