NOw of course they could alter or fudge but you hope people are being honest and that's why you want to use brokers in this scenario they have ficuciary and license to protect.

If I got with Agent Y, and his clients opt out...now I have to put the property back on the market, and will typically get $10-20k less because my listing is now stigmatized as the public will believe something is wrong with the property.This is why I am hired, and why I am good at what I do, because I know Agent X is going to close. 

The IRS publication 527 does not appear to be much help.My reason for asking is because I bought a multifamily unit and have done ~$75,000 of upgrades to the property. 

Your payment would go to them, they would split off the loan payment and send it to the bank and the balance could go to the owner.You can also record your lease on public record which would likely  put you in a chain of notifications if the seller ever tried to sell or in the event of a foreclosure.

The Agency’s investigations are complaint driven, so we rely heavily on the public, and our licensees to bring these individuals to our attention.

Some businesses go to great length to protect it and it is possible to do so.

see section 310.https://codes.iccsafe.org/public/document/IRC2015/chapter-3-building-planningFree codes:https://codes.iccsafe.org/index.html/

it allows for massive scale as well you should always work to protect the downside, but focusing on it is a mistake imo.

Just be sure to protect it in some way if it's sitting there paid off in your name.That said, fixed rate resi loans at 5% or less don't bother me enough to get rid of them. 

X, Due to public records I have been made aware that your property in XYZ county and XYZ state is currently delinquent for non-payment of property taxes.