We aren't political people, we just want to live in peace without loosing our shirt financially.

They will most likely want some form of the following docs:- Existing Building Plans that are drawn and stamped by a licensed architect- A full survey- Condo Docs that are written by an attorney- Some sort of notification that is sent to the tenants and neighbors informing them that you intend to do a condo conversionHope that helps!

Interest to the date of notice, the outstanding balance, the insurance and the direct costs of holding the property, attorney fees in the process, past costs of collection, that includes stamps and certified mailings, utility bills on the propertties and any taxes to date as well as other direct expenses, like weatherization to protect the collateral, lawn mowings, required repairs to protect the property (which seems to include the marketability of the property now with repairs).

Hey Alan Langer the tax lien always will have first priority, even before the first mortgage.You can do the subject to, or master lease, or whatever. . . but that tax lien will eventually need to be paid for clear title.If it is a good enough deal, have the guy deed the house over to you, OR put it in a land trust, and once in your name pony up 15K in food stamps to Uncle Sam.Keep us informed, and a warm welcome to BP,Tevis

If people don’t know that you have assets, then they are less likely to sue because there’s no use in suing people that qualify for food stamps.

@Pride Davis - I need a shirt that says "I do dope thangs" lol - btwn I LOVE your name!

Apply a really high cap rate of at least 15 - 25% so you don't lose your shirt.

The Memphis market definitely isn't for the faint of heart and its easy to loose your shirt there!

Losing your earnest money deposit is better than losing your shirt every month on an investment. 

I've realized it's time to hire someone to handle our envelopes.For the person we hire, the letters will be folded, and the envelopes will already be addressed when I hand these items over to them.They'll just need to put the letters in the envelopes and stamp them.