But now the rub - our mortgage guy says the banks will look at our tax docs to see what to count as income, and the mortgage on our investment property will look like a liability since we're declaring loses on it, at least for the next year or two.

Then her winding up in court batting the issue for months.I like the stay strong, stay firm, stay fair.Ed, I have considered the deposit slip setup and know what you mean about the paycheck to paycheck.

We don't own any condos or townhomes in our portfolio, but having personally lived in both, they tend to attract no-maintenance types who either have busy professional/personal lives, not enough money to afford to live in a standalone home in the area, looking for included amenities (pools, tennis courts, etc), or don't want/don't know how to fix & maintain anything. 

Clayton Morris reached out to me personally and reassured me that they will be taking care of the issues with the city inspector and the Court hearing.

Now, this letter needs to be well constructed pointing outh everything that has transpired, his leasing it through the PHA, your acceptance of the deed in consideration of amount owed (but don't say how much, because as this goes on, your interests will increase for attoney fees and hassel factor...leave that for court if necessary).

I can't find a ruling on this or a Court case.

They don't own it unless it was deeded to them or it was awarded to them via a probate court or other judgment.  

But generally they want the courts to judge tenancy rights. 

Had the opportunity to ask the judge if there were any backlogs in the Justice of the Peace Court that handles evictions.

Then in late Aug, my PM found a note stick to the door only to find out the tenants moved out already without any notices, and my PM suggested me to file a claim in Court in order to collect all the money that the tenants owed.