If I were smart I would have held on to even the lowest rent properties I've sold in the past 15 years, as long as they were operational.

An escrow account is an account where funds are held by a third party, for distribution (ie. funds from a buyer are escrowed at the title co. for delivery to the seller a and lien holders, or monthly payments go into an escrow account for taxes and insurance, etc).  

My advice is go to the BP meetup that is held in Lafayette, it is a rather large group from what I am told, and talk to a RE attorney.

A "portfolio loan" is different than a "non-portfolio loan" (both will be mortgages), in that a portfolio loan is held by the Lender and a non is originated with the intent to sell off in the secondary.  

Nathan Eberly is a Realtor and per the code of ethics he is legally held to a higher standard.

Better news yet- the owner who still held the mortgage asked us to pay early in exchange for a discount on the remaining balance of the mortgage.

A few years ago during my more aggressive accumulation period/mode I held back expenses.  

Because it is held in a S corp the liability insurance is a different policy.

And if anyone could be held liable other then myself.  

Michael, The horrible situation described in the think progress article should be covered under the legal concept of 'lack of foreseesbilty'.I believe the surviving party who's name is on the lease inform the landlord he cannot be held legally responsible for a random act an committed by a government agency who actions resulted in the death of a friend who's presence at the residence at the time could not have been reasonably predicted to have produced an outcome that would have normally resulted in damage to the property owners property.