In the last 30 days the tenant could have initiated a bankruptcy, had an eviction added to their record, been sent to collections by a creditor, etc.

its certainly a hell of a lot easier than chasing down wholesale deals.. you know the deals are there.. they are public record.. most on line.. you can go to Northwest trustee service.. you line up your private investors and do all the leg work for them.. check property check comps.. eye ball rehab.. etc etc.. then you run to their bank ( because they are busy making money in their day job) grab cashiers check and bid for them.. if you win you charge them a flat fee or you take a piece of the deal...

We also record all events, as proof that we don't venture into any gray area.

The letter states the following:FULL RECONVEYANCEWHEREAS, John Smith, is the Trustor, Bank of America, N.A, is the current Beneficiary and ReconTrust Company is the current Trustee under that certain Deed of Trust dated XX/XX/20XX, and recorded on XX/XX/20XX as Instrument or Document No.

Dumb***** are now one less positive reference on their record and won't be getting further rental assistance from one of their only options because they didn't leave the property clean and lost security deposit.Moral of the story... screw sob stories.

Keeping an itemized list with a breakdown of expenses is essential for record-keeping.

This typically costs money, maybe $.02 -.10 per record.

I am curios if you declare anything to the city after you did that for the official record ?

The key evaluation data points for STR investors are accurate records of rental income and occupancy and/or projections from local mangers and online tools.

If it’s illegal activity that’s one thing, but if the sponsor has a recent poor track record - who is to confirm that or verify it without having it third party independently audited - same goes for those good sponsors.