I discovered it last night and probably read the entire REO section.If I get a Limited or Special Warranty Deed on a bank owned property, will my title insurance be sufficient protection?

You said something about not connecting the lease and the option fee, is that sufficient to circumvent the executory statutes?

What I want do was compare what I have to what others have, and to know if what I have is sufficient or will I run into problems when I actually have to enforce this section of the agreement.Thank You"Tenant(s) agrees to pay all costs, expenses, collection and attorney's fee, as allowed by law, either expected or incurred by Owner/Manager due to any breach or default by the Tenant(s) of any terms of this contract."

And I finally got a whole nights sleep.

I'm just thinking out loud here.I'm assuming that as long as a sufficient percentage of the rent covers the mortgage, taxes and insurance, then this wouldn't hurt my chances of acquiring a second mortgage for the purchase of a property in Florida.

I would like to know what disclosure forms you all use with homeowners when pursuing a short sale (example- homeowner 1099 tax implications will arise the following year. what are things a homeowner will need to be aware of and acknowledge in writing, in order to protect myself as well as inform them sufficiently.

I'll try and use your advice to make some money, and then I'll put some change in the collection plate to make it easier to sleep at night!

Today, while I was still sleeping (today's my day off), by 9 AM, he had already checked rates for plastering and talked to several contractors.

Well, I'm not a lawyer, but I can tell you I wouldn't lose sleep over it.I wouldn't ask him to cite the law.

It is possible for the national index/etf/itb to be soring and the city/town in which you hold your properties just lost a major employer or vice-versa.For most real estate investors your best hedge is to buy your properties well - when performing diligence model the property with rent set under market, a sufficient allowance for vacancy & bad debt, and realistic to conservative operating expenses.