NPNs carry a much higher risk of having confrontational issues with the borrower or situations where the borrower end up in some legal matter that exposes your asset to examination, like bankruptcy.

If you are interested, examine the escrow closing statement, appraisal, prelim and vet the lender and borrower then see where you are.

I took the exam in 1996 and passed with ease.

More that that, when I truly examined myself, I discovered that I really didn't want to be a landlord.

Make sure you have an inspection clause written into your contract and have a certified inspector examine it.  

In my state, CA, there are different level of powers, best evident by examining a document alternatively called probate Letters Testamentary (if subject the decedent's will) or Letters of Administration (intestate - no will).

(And owners are the ones with the vested interest to make sure of those 2 things.)As a renter: I'd never agree to pay the owner a non-refundable fee like this that was outside the owner's direct control AND have to wait 30days, unless I couldn't find housing ANYwhere else.You as an owner going forward should examine whether you like the criteria used by HOAs to determine who is/isn't acceptable as a renter....they could put You as an owner within this HOA at risk for their possibly discriminatory decision.

I'm going to be taking the state licensing exam in the next few weeks and am just looking for input.

My background is in examining financial institutions – I’ve worked for FDIC and NCUA so I’m familiar with community banks and credit unions.

*FFIEC.govFederal Financial Institutions Examination CouncilMy mistake