The beneficiary looses ability to control the land trust.

Hi Scott,My husband and I would like to do our first flipping in the Phoenix - Scottsdale area.We are extremely new to this business so here is what we would like to start with :Buying with our own money a condo/small house of about $100.000, remodeling it, and sell it after 3 month more or less, or after whatever time will take to rehab the house.My husband is form Uruguay (South America) and his family own lands an real estate property down there and he used to manage those, meaning that he’s extremely and exquisitely handy so I’m premature sure he can do the work himself with a few people helping.The main goal of this operation would be get some experience in this business, without big risks, even if we won’t gain a lot of money it doesn’t really matter but not loosing obviously !

I think they smoked inside since they had nothing to loose at that point (stopped paying rent). 

He does not handle evictions themselves, just the collections.It's been nice to cut him loose on deadbeat tenants, and get back payments over time for judgements against them.

But I will note (and admittedly I am only familiar with the CA markets from a distance), but for every true foreclosure/investor loosing everything in a syndication, I have read just as many stories about CA tenant that stayed in unit for 12+ months without paying.  

Barrier to entry cost for something "turn Key" (I know that a loosely used term in the industry but humor me)

Some PM advertise they won't charge a fee if you loose a tenant in less than 6 mos for whatever reason. 

My property management thinks he is qualified based on just 4 pay stubs, employment verification and one screen shot of bank statement (just total. )when I ask my property management to ask that guys to show actual bank statements ( not screenshot of avail balance) and w2.my pm said, “it’s easy to find fraud using screen shot. the more I wait the more I loose.

Do you just loose your money if the owner never redeems?

Depending on the property one property could clear you over $100k or you could loose $20k a year.