Why bother to call wrong departments --unless you are working on short sale or a pre-foreclosure --in this case --yes paying attorney is worth it to start conversation --or negotiation fo a short sale-- as soon as the short sale price is approved-- then have your attorney tactfully mention that --how about we buying NOTE at that price and save all paper works and head aches-- that time lender's attornet will say yes Then you have a chocie to foreclose on house or work out loan modification and let the people stat in the house -- Now you are a banker not landlord and have no title.

He can file a Ch. 7 but it may be difficult for him to qualify based on the means test.

The one main theme I have seen over the years and in my current role as a funder of these assets in the wholesale condition before they are bought by out of state folks.. is that OOS folks really need to concentrate on the better properties in a given area.. where I see heart ache is when they try to buy super low value homes IE the cheapest homes on the market in a given MSA.. not realizing that the tenant is also the hardest to manage.. just moving up 20k on the purchase will put them in a much better position to have a decent tenant and in an area that is not so tough to own in. 

**This is extra helpful if you find an agent or TRUSTWORTHY wholesaler that you've developed a solid relationship with and have your expectations set.7- Unless you are an experienced contractor, try and do a "lip stick" property meaning that you want to go for a property that may have minimal rehab, that way you don't have to deal with EVERY head ache at once.

i have 17 short sale listings right now wich is a head ache .

Rent collection would be done electronically (via Quickbooks and an ACH payment service) so that would not be an issue.

Youtube is great but it doesn't train your muscles to cut in the trim or finish the drywall patch.

Do you know if it's a Ch 7 or a Ch 13 BK?

She said that she drives a 1960s muscle car, she likes the classics!"

ACH is freeTakes about 5-7 days for the funds to hit your bank accountExcelI use an excel spreadsheet to track my check register.