The concept is that finally, the person in charge has both the mandate AND the budget to execute.I'm not sure how putting a military person in charge of the CIA (which owns <20% of the assets, albeit the "remaining" 20%...) will change the situation much, especially since both elements (CIA and DOD) report now to the NDI for budget and mission.

Look at your portfolio and at the person or company who is offering it to you and ask yourself these questions: Do they do the due diligence you want them to do or are they simply working from a corporately mandated buy/hold/sell list?

In most situations, the purchase or sale of real property includes disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, contingencies, multi-page government mandated settlement statements, market research, property research, etc.

Revaluations are a mass appraisal process that the state mandates the towns to perform to bring their property values up to market value.

Again FHA has a mandate as of June 2013 that MIP can not be removed as I stated above.

You get a loan for what the inspector mandates that you have to fix.

I am under contract on a short sale with Chase and have a very tight deadline for settlement mandated by the bank.

The unfunded mandates at the local, county, state and federal levels are staggering and the real issue.

It's often mandated and a project won't be approved without it.

And I would guess that a $1000 a month tenant can't afford to replace their belongings after a loss any better than a $325 a month tenant so renters insurance is a safeguard for either of them...so it might save the tenant in the long run if the landlord mandates a renters policy.