The goal is to ensure that the property remains viable even if circumstances change, like dealing with a non-paying tenant or a market downturn.

I think it would require a major asset heavy backer to provide the confidence the investing public needs to scale to profitability.  

Hello all,Has anyone sold a short term rental owned over a year  as a non real estate professional that qualified as short term capital gains tax deductions with expenses and depreciation?

@Chris StrausbaughWhat state as in many states a lost note can still take action - especially non judicial states

@Pete ResendezMost residential mortgages are non-assumable. 

In many states, this is public information.

A few comments from my perspective (and after reading @Dan H. comments):I agree with Dan, and view this as a negative cash flow property as well, given that more than 20% down was necessary to make it work with what I suspect is a non-commercial 30 year note given the interest rate. 

Send a notice: The landlord can post a notice in a visible place and send a notice by mail to the tenant's last known addressRemove belongings: The landlord can remove the tenant's belongings and store themRecover costs: The landlord can recover the costs of moving and storage from the tenantSell belongings: If the tenant doesn't claim their belongings, the landlord can sell them at a public sale(End)Please only communicate with the tenants - all of them - in written form only so it can be used in any collection/court engagement. 

In our client’s experience, landlords often receive only the government portion, not the tenant’s portion.

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