In general, a city won't issue a certificate of occupancy if there are outstanding issues (violations, open permits, whatever else).

@Shawn HydeI do not think the lien in FL will give you the right of possession but f you are worried re trouble makers, you might want to acquire any that are outstanding. 

Expect there to be more fights and more phones calls of "i'm moving out" or "I want X out". Stand

Interest caculated daily to an outstanding balance can cause different amounts, if interest is compounded and made a part of principal on a daily basis, your loan may not be in compliance for a residential property.Sounds you didn't get the type of loan you thought, I'd certainly investigate the note, your closing documents and especially the APR.

I'm talking in an ideal world, where the tenant has left the unit reasonably clean and there are no outstanding maintenance issues...Do you paint?

OTOH a highly efficient fleet of automated vehicles can keep busy most of the time, or be parked when they're not in use.

Interest accumulated on the outstanding balance only.

I've spoken with and met with some outstanding folks that have helped me (both indirectly / directly) with getting started.1.)

They are able to find "good" tenants quickly (they put prospective tenants through an intense pre-screening process) and they do an even more outstanding job managing the tenants/ properties for you so that you can focus on other important things such as your next investment, family or whatever.

According to HAMP guidelines the lender most exhaust all possibilities and take care of any outstanding issues (ie: hoa dues), usually the lender would of paid those, unless they were planning on just foreclosing anyway.