More frequently these tax sales are overturned on the grounds of failed or improper notice procedures.

You can review your HOA's governing documents, also known as the CC&Rs, to understand the proper procedures.

---So, ask about their standard operating procedures and make sure your management contract has an easy termination clause.What are your options if you experience one of the above?

Ok, just wanted to make sure this was normal procedure. 

As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

Call the title company and explain that you are planning to start wholesaling and you just want to know what procedures you would follow with them once you are ready to push a deal through.

The Co-owners have discussed the co-ownership of the Property and have concluded that to avoid conveyance and ownership problems created by death, bankruptcy or insolvency, disputes and the like, it is in the best interest of each Co-owner that the holding of the Property be governed by an agreement which defines the rights and obligations of each Co-owner in the form of this Agreement and in compliance with IRS Revenue Procedure 2002-22.II.

Start documenting your processes and procedures early on so you can start hiring out some of the smaller tasks.  

Develop policies and procedures on how to manage your rental business. 

If you’re not well-versed in lease agreements, security deposit rules, or eviction procedures, you could run into trouble.❌ Emotional Stress – Handling tenant issues (especially late payments or evictions) can be stressful, especially if you live in the same building.Hiring a Property Manager in ChicagoPros of Hiring a Property Manager✅ Less Stress & Time Commitment – A property manager handles everything from finding tenants to collecting rent and coordinating repairs.