Because a license makes you an "expert" you must disclose your status at the first contact on every deal.

I'm not an expert on this by any means but I asked an accountant friend this same question a couple of weeks ago.  

The real philosophy behind asking questions is not only to obtain answers to those mysteries lurking in the back of our minds, but it also serves as a way to "interview" these local experts.

I'm no expert but from what I have expierenced and read from others is you can get a good deal by negotiating with the seller before the forclosure.

As long as you are learning to think like a millionaire, learn to hire experts and delegate things you don't understand, to them.In this case, that expert is a real estate attorney.Also, you absolutely need to study up and learn how to research title.

The tenant gets a mailed a certified letter to their last known address, as @Gail Kaitschuck said.

To be an FHA direct lender you need to meet the following requirments: 1)Certified original audited financial statement with adjusted net worth of at least $250,000 that has been prepared within the last year.2)A senior corporate official showing at least 3 years of experience handling FHA affairs (loan origination and servicing background) 3)Multiple credit and background checks to verify legitimacy of the heads of the institution.4)$1 million warehouse line of credit or equivalent funding program to show liquidity and lending power.5)Business plans, quality control plans, E&O insurance policy, sanction letters, fidelity bonds and other formalities to provide security.As you peel the onion it makes more and more sense why some lenders offer certain services & products and why others simply don't qualify to do so.

I would caution you to think twice about following the precise advice of most of his 'experts'.

Check the fire and police logs.Go to IREM.org search for ARM certified property managers.

Now I'm by far no expert, but this is what I'm seeing in these areas.