Forgot one detail the new California based lender committed to funding as long as the property isn't in an evacuation warning area.

The PM should be an expert on state law, and they should have policies and procedures in place to handle these situations.

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

If you're running a large portfolio then you would have policies and procedures.

More deals are killed by procedure and regulations than anything else it seems. 

Good evening,Just saw Cleveland, Ohio has relatively inexpensive houses which has the potential to cashflow. I'm looking to investigate this market a little further and wondering if anyone can help me out. I would lik...

For instance, what are the rules around security deposits, eviction procedures, or property maintenance?

But for many people, it is one of a number of sources of deal flow, to add to MLS listings, wholesalers, direct owner outreach, auction, etc.Assuming you are specifically talking about sheriff auctions, just make sure you familiarize yourself with the general procedures for the auction.  

Specifically; rules, regulations and permitting procedure.

That means having procedure and protocol for every situation--or at least, every common situation.