That is since the borrower's role is to pay the debt service and that action is the opposite of default.

If you have a competent management company you can take a high-level management role in your investments.And as a corollary to that last question, is it ever a good idea to open a channel of communication directly with your tenant, or should you stay anonymous and let the PM be a buffer between you and them?

Craig Montesano,I'm aware of the Utica Shale/drilling activity in the area.If Shell decides to exercise the option on the Plant in Monaca, Pa., it should help the entire region.

My first exercise would be to simply find the name, address, and phone number of the current owner.

Having the common public running around trying to cure clouds on title is an exercise in futility, since they don't deal with this stuff everyday.

In order to save money, I end up playing the role of the general contractor and hire people by referrals from others and through Craig's List.

Your role will be to manage the investmentsand make regular reports to show progress.This is the proposal in summary:1.

Hopefully if the deal goes south, the borrower makes good without the lender, whoever he is, having to exercise his rights under the personal guarantee and go after other assets.

Even if the option gets recorded and somehow the lender becomes aware of it, they are unlikely to exercise the due on sale clause as long as you keep current on the payments.

The buyer will have an inspection period, either now or after lender approval which they might exercise.