You MIGHT get a rookie to write a theft info report on it but they would more than likely tell you it is a civil matter and wash their hands of it.

We have a 96 unit property with difficulty finding interest, so the building manager manages the laundry.

In that case a junior lien would likely sue if the only bid was from the owner as they are using the foreclosure to wash out other debts, doubt that would fly in the end.

So I guess it's a wash.

Note you may want to save for a higher reserves fund.Common Utilities - Looks like your doing this already by hardening your rentals.One of my biggest bangs for the buck has been removal of all outside water bibs/faucets ;) no need to have tenants washing all their cars or watering the lawn.

You don't even get to go to bat again.Owner occupied, didn't go to closing, no HUD-1, I'm not saying you're going away in handcuffs, but you're getting close, maybe probation, not sure.Now, let's wash all that away, if you had a valid CFD you can sell the contract, it is a messy transaction but you can deliver the deed subject to the buyer's contract and receive a discounted amount for your equity and any underlying mortgage is paid off buy the buyer of the contract.

Orlando lets us use his washing machine...so you all use the laundry facility in the next building?

All are on separate electric meters (thank goodness) and have individual laundry facilities.

At any point in the future would I consider refi to pull out the FHA loan and PMI or does generally the increase in interest make it a wash?

I purchased this property about 30% below market value as the seller was ‘highly motivated’ and will put another estimated 10k into the property by redoing the floors throughout the entire house, painting all the walls, updating the bathrooms, changing out the entry doors, light fixtures, and finishing the laundry room.