You need to understand the business that occupies your property as well as the aspects of property ownership.

Also, I heard about buying with LLCs then selling the ownership to the end buyer is another strategy.

Otherwise, usually, the HOA will file suit against the original owner for these fees.The gotcha -- in some cases, the missed payments pre-foreclosure stay with the unit, and the eventual homeowner must pay them when they take ownership.

Numbers were intriguing, but it wasn't without some persistent questioning that I finally uncovered that the broker selling it was also the owner, or at least had some partial ownership interest.

Hopefully you have a due-on-sale clause in your note so you can call the loan at your option if ownership does change.

Condo is a type of ownership and has nothing to do with the style of property.

Originally posted by @Shannon Trivett: I'd like to form a legal "company" for my self and my long term life partner for the primary purpose of protecting ownership.

Now, by faith, I am throwing myself into the real estate world 100%.Short term, I am interested in lease to own, wholesaling and flippingLong term, I hope to have a rental portfolio and help my parents retire stress free.Through it all, I want to help families actualize the American dream of home ownership and making better financial decisions.This sight/forum is AMAZING!

If you have a good AOM chain, you can foreclose, you just can't recover those funds.MERS is a nominee agent for the Lender or for an investor in the chain of ownership.  

Hi, this is my 2 cents.Some investors may1) going after depreciation more than yield.2) buy & hold for LAND value.3) control of ownership on that area for future developement