IF you see that happen or suspect it then you can raise holy hell with the authorities.

They don't have authority over the lender's requirements though.

I would suggest picking up a copy of the book I co-authored titled Lend to Live: Earn-Hassle Free Passive Income in Real Estate with Private Money Lending.

Specifically, anything indicating that the lease is completed and both sides have no claims or issues with each other.There's no "standard" agreement that I'm aware of, but we've done a bilateral "Termination of Rental Agreement" when we wanted to document that a tenant has officially moved out, that there are no outstanding funds owed, and that there are no claims or issues.These agreements are particularly useful when doing "cash for keys" with a tenant.I would keep it simple: State in the document exactly what you want to establish as facts, and then run it by an attorney for good measure.I'd also recommend requiring the tenant's signature be notarized.

The housing authority is paying rent on behalf of this tenant.

They plan to bring in their own team, which means the current property manager will be out of a job once the deal officially closes.

Sometimes you can talk directly to the owners.Use the Internet - Websites can show you houses that are being sold because the owners couldn't pay their bills or are in other kinds of trouble.Check Public Records - Look at official papers to see if a property owner is behind on taxes or other bills, which could mean they need to sell fast.Study the Market - Learn about how much houses in that area usually sell for and how much you could sell it for after you fix it up.Be Careful - Make sure you investigate the property fully to see if there are any legal problems or money owed on it.By using these steps together, you can find properties that might be a good investment because they need work or are being sold at a lower price than usual.Kind regards,

We’d appreciate your advice on the following points:-Drafting a Proposal: Is it worth drafting an official proposal with a commitment to a certain down payment to show our seriousness?

Otherwise, an employer is legally not allowed to share worker information, so we have a Verification of Employment (VOE) form we send with applicant's authorization signature.The biggest challenge/frustration is, all of this takes more time and effort - which costs a PMC more payroll!

Hi @Namal BurmanMy name is Adam King, and while there is no official flow chart as every deal is different, There is an order of operations that I follow whenever I am looking for investment properties.