I apologize for tech translation/misunderstanding - there are 25 different regional institutions, all commercial assets, ranging from AZ / FL / MD / NE / NV / GA / MI / ND / IN / WY / UT / SD / WV / CA  but the majority are in GA and FL   going through private REMICs

I may be misunderstanding, but if you're saying that your tenants are staying 3-4 years before moving due to bad neighbors, then it would be low on my list of things to worry about.  

The title company is looking at the option as being valid only when it is excercised on the B to C sale, and that is where the misunderstanding of seasoning requirements comes into play.My buddy Nathan Jurewicz closes anywhere from 6 to 10 short sale transactions a month and has gotten pretty good at them.

Putting the deal down on paper prior to signing it goes A LONG way to avoid future misunderstandings and disputes.

Did I misunderstand?

Maybe I'm misunderstanding what could be illegal about ending my relationship with my current PM company and self-managing and hiring a "contractor" (my Realtor) to help find/place tenants and write up the leases.3) How it works with this PM company is when they find a tenant and I approve, and we get them signed on a lease, they pocket 100% of my first month's rent as a "finders fee" for placing the tenant.

Just wanted to clarify if there was a misunderstanding.

Hi Lincoln, I may be misunderstanding, but maybe what the insurance agent is referring to is recommending that your tenants obtain renters insurance... the lender will require property insurance.

I contacted the entire Board and the Superintendant, whom I am acquainted with, in addition to 3 other administration employees and it was all spelled out; no misunderstanding possible.

I have messaged Ben about this mis understanding.