Agreement on Default Procedures: - [ ] Define default conditions

Makes me wonder though as it took us 10+ years of hammering the pavement and setting up systems, processes, manuals, procedures, personnel, tech, etc... before we could open the doors to "out of house" investors and before we could claim "We are a reputable and organized property management company".How the F@#$ do investors succeed in making the whole process work from afar is mind boggling to me.Again, big hat's off to those that succeed as I couldn't and thus why I moved to the best country in the world.God Bless America and here is to another 10+ years and standing the test of time (Before AI and the terminator take over lol)

New licensing procedure is an inspection, for fire code mostly(means of egress, fire pits and grills away from house, hardwired smoke and CO, etc).

As far as the lender "waiting so long to blow out his very low offer given it is probably 70% of market value and 50% of debt amounts" , unless a valuation had already been set, the lender has to go through their procedures to determine if they will even allow a short sale,  and then review all the paperwork, and order an appraisal before they will reply to the offer.  

There are a lot of moving parts here, so always make sure that you have your tax advisor review the transaction before proceeding.Hi @Jim Kennedy, Please refer to Revenue Procedure 2005-14.

I have no knowledge of the proper procedure for the eviction.  

Make sure they have significant experience and provide you with past performance.Also recommend getting from them their reporting procedures and sample financial reports.

@Slocomb Reed, you can search numerous threads or Dodd Frank regulation, but what you will find can be summarized as followsDodd Frank Act, and administrative rulings by the Consumer Financial Protection Agency, are unbelievably numerous, hard to interpret, subject to subjective judgements, have harsh and draculon penalties for even small or inadvertent infractions, and cases are being pursued by trail attorneys both as individual cases and as part off class action.So, a lender set up to do a huge volume of personal mortgage loans may find the risk acceptable, the enormous investment in compliance and personnel  and procedures a cost of doing business.Private lenders do not have the time, money, staff or risk tolerance to be in this market. 

Although in the last few years, many markets have seen 15%+, this trend is an anomaly and certainly not standard procedure.

However, it's advisable to consult with a local attorney or property management professional to ensure that you follow the appropriate procedures and adhere to any legal requirements.Ultimately, the priority should be to protect your property from further damage and address any potential safety concerns.