Further, tendering the offer with the appraisal (reference it in the formal attorney letter to the first's counsel) the attorney will have to submit that to the first mortgagee servicer.  

That being said, if it was a private lender, they might let you formally assume the loan.

@Brandon GuiteAlready saw another of your posts elsewhere, but thought I'd offer a formal "Welcome" over here.

I would recommend that you collectively spend some more time on the business plan 1) If you are creating only a property management company then it makes sense to have some formality around it. 2) If the long term goal is to use the same vehicle for JV deals then it might not be optimal given you will have varying equity splits based on the deals. 3) If you are taking client money and a management fee then you are talking about a much different need.  

If that's the case you really need to formalize this. 

@AnTuan Adderley- welcome ....if you will need a loan / financing  -  get a  formal loan pre approval started  as your  first  step ...this will allow  you to confirm you are  appovable for the  scenario you choose as well as  educate  yourself on current rates / payments / cash needed  etc ....good luck

Yes, the landlord broke the law by throwing away stuff without filing for formal eviction and getting authority to do so by following the correct procedures or receiving a written communication from the tenant that they’d abandoned the property.

If you want to PM some more details about your home I can do a little more formal analysis for you.

@Wes Santos Whatever direction you choose to go, be sure to get a formal operating agreement in place.

Real Estate is one of the few industries that is so well documented that you don't need a formal education to be successful.