This is definitely not the case in Washington state.

. *** In this BP topic, I refer to a case in Cumberland County, NC Special Superior Court for Complex Business Cases where lawyers didn't draft an LLC operating agreement... http://www.biggerpockets.com/forums/51/topics/80546-no-need-for-an-operating-agreement-just-ask-a-lawyer.

In your case, in the renting process, the tenant stated, "my son is allergic to dog hair.

Case in point, there are still millions of defaulted mortgages those same banks simply won't move on, because they are afraid of violating foreclosure laws. 

In either case, in order to have a profitable rental, you must have one where the rent significantly exceeds the payments.

Case in point, I just bought a house off market for 2/3rds of the county tax assessed value from an 86 year old out of state owner.

If this is the case in your state, the second step is to check enforcement and penalties.

It's more or less gotten to the point where you cannot do any serious volume as a lender without having at least one full time assistant, which wasn't the case in the 90s or 2000s.

@David Hite I second the other suggestions here with regards to looking up the case in PACER and checking payment history and servicing comments. 

So case in point my GC in Charleston.. were I am doing 500 to 2 million dollar new builds..