You would keep making the payments.When you take a property subject-to it's important to get an authorization to release information from the borrower so you can communicate with the lender about the loan.  

Marie Poe, the property was not deeded to the buyer, there was no lease or rental stipulations, I had no idea when we filled out the sales agreement what was the right way to do it, She has stop communicating.

Anything over 20 & under 100, I will say a good PM is more efficient & economical.I got this from my previous RE business experience in the past.

Most of the people I found got my plans I never heard back from them, or  I found only General Contractors that were giving me over inflated prices.Finally found the right guy for the structure , reliable , communicative ,with a good price and seems I can trust him (so far).

Since I prefer a simple, 6 or 7 line, one-page with lots of white space, I've never had a problem but then again, I'm fairly high-profile in the probate legal world in CA.Noticing is required for all transactions involving real estate, unless:>No other heirs>No Requests for Notice have been filed by other interested parties>No active litigationTitle company will either want attorney "comfort letter" or or estoppel letter from PR asserting compliance.If your transaction does not meet these requirements and noticing is required, it's not too difficult for either an heir or any interested party souring the bathroom at your party by objecting or sending most any communication to the court that appears to question your anticipated transaction.

Honest and open communication is key.

If I was a betting man, I would wager that most new note investors struggle more than they ever imagined with borrower communication.

I'm trying to become more knowledgeable and a more productive/efficient real estate investor.

You will have long-term capital gains even if you sell today.Mandatory IRS disclaimer: Be advised that any tax advice contained in this communication, is not intended or written to be used and may not be used for the purpose of (i) avoiding any tax-related penalties imposed under Federal law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

Type: Condo 1bed 1bathPrice: $28,900 (would try to pay $26,000 cash)Current Rent: $550/monthHOA: $220/month (not sure what expenses/amenities are covered)Option 2:Next door is an efficiency unit with a remodeled kitchen listed for $32,000.