After we followed our own policies and procedures our properties started to run like a business model that produced income and we had other investors approach us to manage their homes.

I suppose it's for the same reasons that you haven't performed a kidney transplant procedure.

One of my main questions is the procedure to stave off the property actually going to auction if you are buying within 1-5 days of the owners loosing the place?

Its not scale-able to hundreds of units, but it works for smaller quantities:RE: Rent Collection Procedure UpdateRent will no longer be collected at your unit as it previously has.

Thank youWell, I hate to go down this road, but it seems to me you're pretty much committing mortgage fraud here.If you inflate your profits, the IRS doesn't really care and will happily allow you to pay higher taxes than what you ought to.But from a lending perspective, "only deducting expenses that can later be rolled back into my income by lenders" is deliberately massaging your self employment income to qualify for a loan.  

I would not recommend buying low income property unless you have the policies and correct procedures to hanDel those types of clientele Most management companies will not manage because of the high amount of work to handle them .

If you follow the HA message boards, some owners ask their guests to do laundry as part of their checkout procedures.  

Jumping into PM without an education or the established policies and procedures is why our profession has a bad rap.

Illegal drug use is a 3-day notice eviction.Code of Civil Procedure Section 1161(4).

If you have to refinance later you will need to quitclaim it back to your personal name first. thanks for the reply. i'm planning on doing an LLC per property in which case this will be the standard procedure (due to them never having a history before getting the property). so i can 'quitclaim' this thing w/o a mortgage needing to be transferred?