Fortunately, the city preservation society deemed it to not be a historical structure (the home was an utter disaster and could not be salvaged).

You don't know what the lenders are focusing on to preserve and secure their collateral.

Edwards and i started a property preservation and management business after bird dogging for a few investors for a while and i need all the best info on REO properties and Foreclosures, so thats why i have chose to be a member here, i need all the tips i can get :cool:

Make sure your lease says any payments received are applied in the following order.1) Any penalties, like late rent.2) Any billed repair items tenant is responsible for.3) Any unpaid rent from previous months.4) Current rent.With that, they are still behind on the rent and you preserve all of your rights of a landlord with a tenant who did not pay the full rent amount.

Had they spent extra money related to preserving the property (water,etc) that I would re-imburse but I don't know what you do besides leave with that kind of fire.

But if I take over payments, then I can preserve more of my capital to do more deals.  

Advances may also include items paid for which preserve the property such as mowing the lawn to prevent a lien/fine.

They cannot keep going up in a straight line.So many times they are correcting downwards erasing all divident gains.As for FI "funds", they go down with IR rates up.But Non-Traded REITs, or Funds, are basically portfolios of properties that are not being traded.If held till maturity, or till project end - most of the capital remains preserved.

While this is true the motion has been filed...the R10 has no "limit" on it.First Premier Bank (Check Commerce) takes on the liability for any R10 filed against them meaning that even if they had $0 of ERP funds they would still have to honor a properly filed R10.So while the motion might help preserve funds for other business who have no recourse action such as the R10. 

Tax free income from real estate and real estate related investments, in SDIRAs, is one of the best tools to grow and preserve wealth that I employ.