Not sure how water and sewer are handled there, but shared water and sewer usually falls on the landlord.

I'll also be using a local property management company to handle the day to day stuff.

If you want to use my attorney to handle paperwork on you LO, I can pass ya his info.

Evictions, prefer to pass on all costs plus a fee, or pay an additional fee monthly to handle outright....Payment remittance to you after rent is collected, checks, online...Any other features, benefits, items you would be interested in.

Court documents, or a call to the bank's REO department might get you to the person/persons to speak with concerning your interest in purchasing the asset.You may be able to purchase the note prior to foreclosure, or purchase directly from the bank post foreclosure.I worked for a California bank back in the RTC days and handled their REO portfolio in AZ.

The people that Bank of America has employed to handle this task are underqualified and dense minded, most of them seem to be recent college graduates with degrees in Anthropology.

As far as condos, I'll let others handle that aspect since it is not my area of knowledge.

Thanks to everyone for weighing in, thankfully I'm not really involved in this situation, but since I hope to own some rental properties someday, it's good to see how to handle it.I definitely agree with Jerry W. about Dave Ramsey, actually our boss offered him a free financial peace University class, but you have to be ready to make a change before any of that excellent advice works.As someone who was a renter for 8 years (I can honestly say I was a good tenant, a roof over your head comes first) it's very interesting to see the other side of the coin.

Is title insurance required and how would this be handled?

., so if it's a popular area that sells quickly, we handle it without an agent.