Establish a solid reserve fund (3-6 months of rent) to cover unexpected expenses or vacancies, which are inevitable over time.Make sure you're well-versed in local landlord-tenant laws to avoid legal complications.

A 75LTV Cash Out on that deal would be about the same and there is no lender origination fee, only the $1600 UW fee.Ohio has recently updates some of it's laws in terms of PPP. 

In my area the law is the same for the entire state, but there are lots of interpretations. 

My father-in-law almost always does 1031-exchanges when selling his properties.

There is a concept in the law I believe called "undue enrichment" meaning that you benefited by something they did. 

I think this is proven that even in ponzi criminal case, if asset has good valuation and the law is being done properly, we will get our money back as investor.

The only reason you should not enforce action is if its contrary to an applicable law or regulation...Here is another section from Seller Covenants:Seller agrees to honor requests for execution of endorsements of Mortgage Note from Seller to Buyer if made within thirty (30) days following the Transfer Date, after which Seller shall not be obligated to honor such requests.So if there was an issue with a prior document, after 30 days they can tell you to go pound sand - and based on court documents, this has happened. 

Then take pictures of exactly how you found it and how it looks after cleaning.Start by sending them an itemized bill within the timeframe allowed by law.

I'd also look at landlord tenancy laws for WA as I think they are pretty tenant friendly and getting rid of a bad tenant (even one who doesn't pay rent) may be hard.You mentioned you'd profit $130K if you sold it. 

The homeowner, whom my brother in law purchase the house from, was losing his house and he owed 30,000 on it in Riverside.