I think the agent simply took market rent, applied them to all units, and used one of the R&M rules to come up with his number2. property manager listed no rent income for 6 months straight and suddenly for the very last month on paper there was an income of about 2800 dollars. this made me doubt if the entire income and expense reporting was accurate3. owner did not provide tax or insurance numbers - the listing agent estimated them...I also heard from the selling agent that one of the bigger units will be vacant from next month, due to eviction of tenants from rent delinquencies The owner is out of state and seems clueless on the operations of this building.

Then record these legal  documents with your county recorder, treasurer/assessor, and auditor so everyone knows what is going on.

Consequently, you need to find out who really gas exoerience with this technique.You need to determine and satisfy all the elements for AP in NM then go to court with your prove-up documents at your Quiet Title Action court hearing. 

Here are the duties that can be performed according to the FREC:Permissible Activities of an Unlicensed AssistantUnlicensed assistant is defined as support stafffor a real estate corporation or other licensed individuals.Answer the phone and forward callsFill out and submit listings and changes to any multiple listing serviceFollow-up on loan commitments after a contract has been negotiated and generally secure the status reports on the loan progressAssemble documents for closingSecure documents (public information) from courthouse, utility district, etc.Have keys made for company listings, order surveys, termite inspections, home inspections and home warranties with the.licensed employer's approvalWrite ads for approval of the licensee and the supervising broker, and place advertising (newspaper ads, update web sites, etc); prepare flyers and promotionalinformation for approval by licensee and the supervising brokerReceive, record and deposit earnest money, security deposits and advance rentsOnly type the contract forms for approval by licensee and supervising brokerMonitor licenses and personnel filesCompute commission checksPlace signs on propertyOrder items of repair as directed by licenseePrepare flyers and promotional information for approval by licensee and supervising brokerAct as a courier service to deliver documents, pick-up keysPlace routine telephone calls on late rent paymentsSchedule appointments for licensee to show a listed propertyBe at an open house for: o Security pulposeso Hand out materials (brochures)Answer questions conceming a listing from which the answer must be obtained from the licensed employer-approved printed information and is objective innature (not subjective comments)Gather information for a Comparative Market AnalysisGather information for an appraisalHand out objective, written infonnation on a listing or rental

You'll find that cash flow is only the portion you collect after your mortgage and insurance is paid and any other debt services on your properties.

Without this documentation, it'd be very difficult to make any deductions from their security deposit for any damage because you wouldn't be able to prove it wasn't already there when they moved in.- Don't forget to get a home inspection done on the property if you haven't already.- Once you take over ownership, be sure to give the tenants your new payment address and instructions. 

By having the insurance on the property add you as mortgagee.Follow these pointers and you have no worries.

I kept that license about 30 years.Right after you close get an insurance policy that will protect you if there is a loss.  

First of all, this would be an insurance nightmare should someone get injured on common area.

(Again, if you have not read this document you really should as you could be found guilty of unintentional, but punishable discrimination)Section B"In the second step of the discriminatory effects analysis, the burden shifts to the housing provider to prove that the challenged policy or practice is justified – that is, that it is necessary to achieve a substantial, legitimate, nondiscriminatory interest of the provider.