Also the 3 key documents that the PR should already have when making your offer(s) are a) Petition for Probate b) Order for Probate and c) Letters Testamentary (or Letters of Administration..Good Luck,Mark...

Welcome to BP @Chris H.As taxpayers, you and I have already paid for an underutilized resource, the Small Business Administration's Small Business Development Centers.

Offer loan servicing by a loan servicer and explain what they do, that should make the seller warm and fuzzy about the administration of the note.

I have estimated NOI using 60% of GPR for expenses in addition to breaking out the following expenses which yielded a total expense projection of 60.7% of GPR: Management, Water & Sewer, Maintenance, Replacement Reserves, Taxes, General & Administrative, Advertising, and Insurance.

An administrative burden to say the least.

If the building is under water because other owners do not pay their dues, bad administration or the building need big repairs, most likely the HOA tends to make a loan and allocate the responsibility to each apartment.

A college education can be a great hedge in life if you use it wisely.A bachelor's in business administration or ecomonics would be more than enough arm you with an adequate base of knowledge to invest in real estate.

But he lived in his 4-plex for only 1 year (another year to go per FHA rules), and he does not want to be breaking any rules, and he thinks that it will NOT look good if I finalize the purchase of a house under my name AFTER we get married, he's afraid there may be some penalties from FHA administration, since he failed to stay at his 4-plex for 2 years.

Is this the Public Administrator Auction from this other BP post?

You'll learn more about the business in a month than you could learn in 10 years from watching all administrative-like.Is this extreme?