But I’d say the key to success is building a reliable team on the ground.

I think the key is doing solid due diligence and making sure you're lending on projects with good margins and clear exit strategies.

Partnering with an experienced local agent will be key—they can guide you through the market and help identify the best opportunities.

Then, they sign the lease, are issued a key, and can move in.Nobody moves in without passing my screening and signing the lease.

I had a non-performing loan once where a borrower would do a deed in lieu, but there was a deceased co-borrower, and my attorney required me to go through the foreclosure process to clear title.The borrower knows you’re foreclosing and does not contest the foreclosure and “turns over the keys” to the lender.  

This is the key point.. 

And considering I think a person who puts in plain black and white that integrity and character of the operator are key -- and then does something underhanded and incompetent is just mind-boggling to consider -- so I'm only left with a negative feeling about the documents these darned attorneys dream up! 

No hidden costs, no surprises.Flexibility is Key: With Baselane, you have the freedom to choose the features you need.

Reserves are key as  @Theresa Harris has pointed out.   

Not sure how their program works but I've seen this personally a dozen times with the key part the insured not being aware...