If the borrower fails to reinstate or payoff, you can go all the way to the foreclosure sale.

I would much rather this tenant-buyer succeed at this purchase than fail and have the hassle of an awkward eviction next year, and am considering sending a monthly email on the 1st of each month reminding them that the clock is ticking, and giving them contact info to my loan broker for their benefit.Any thoughts or advice?  

In this case if you failed to pay they would need to have someone come up with a whole new process that may or may not fit within their business model.

Why not let the pm do this since they failed to get lease signed ?

I’m looking to start renting a quadplex and I’m need information on this basics and first things to do I’m 20 years old and I’m trying not to fail.

I'd say it's been about 100% those who've asked fail my prescreen/screening criteria.

hey just some advice from a plumber ive been doing plumbing for 5 years nowyou said you had a iron sump pit, likely the pit is beginning to corrode and thats the cause of the iron deposits, now a days most pits are made from composit plastics ,another possibility is the piping could be the cause if its a metal pipe [iron or galvinized steel ] it could be contaminating the water being pumped out, again most pipes now a days are PVC either sch 40 ,80 or ABS to prevent this issue, it could be the pump is corroded and failing but if its working i doubt that its that ad if the pump was that bad it likely would have failedother than those the only other thing that comes to mind is that it could be something in the basement that is made of iron or steel that is in the pathway to thw water on its journey to the pit.hope this helps

Never Fail.

So many people report amazing income with their vacation rentals but they fail to account for all the costs.

I am able to access the mobile app but can’t open the website via PC.I keep getting this error - ‘this page failed to load’.