It basically costs me 500/year (less each year) to have 15K at my disposal rather than a paid off and still depreciating car.

Once you have a feel for the property and the people develope rules and procedures for the tenants to follow from collections to disposal of trash!

I never disposed of a portfolio of NPNs, they were taken out one at a time as they came, or acquired specifically knowing the details of the borrower, where they came to me.

The garbage disposal has a hole on the side!

I have some capital at my disposal right now.

For example, the buy the side frame pieces by the mile and the little parts that hold the frame in are purchased 50,000 at a time.I can't buy just the materials for what they charge for materials AND labor.I agree that screens are a nightmare.My biggest things I remove for rentals are garbage disposals and ceiling fans.

Hi Sam,In the business we call these in "pre-list" stage as a broker/agent.Banks will either list REO directly with listing brokers or have asset management companies they contract out with that the bank gives their assets to for disposing and selling in the marketplace.They give the asset company full reign usually going by what is in the banks servicing agreement as part of the contract to handle the disposition of the assets.

For example, I bough a house that had one circuit serving the entire kitchen (dishwasher, outlets, garbage disposal, fridge, microwave) when it really needed about 5 circuits.Things like asbestos, mold and meth damage are 'walk away' items.After that, items like furnace, water heater and plumbing fixtures.Oh, hire $99 rooter to come and scope the sewer line as well.

How do investors get leads on properties that may be inherited or possibly disposed of when someone passes away?

Of course that will not get you out of compliance altogether as you still need to have a Compliance Management System for Red Flag, Safeguard, the Disposal Act, Patriot Act, OFAC, and Anti-Money Laundering and now Advertising.