I know of someone who had a great job but had to move because of work during the downturn, the lender about a year after the sale came back after them for the balance and filed it in court.

We created a rental agreememnt/contract and proceeded to go through applicants.  

Of course, if other parts of the relationship (including behavioral and financial aspects) would lead the IRS (or the courts) to determine that a worker is an employee, that's one thing. 

Just need to find out what paperwork is needed to proceed properly.  

You would have to go through the court system to have them removed.

Just got out of court yesterday trying to help an owner through one gone bad.  

I would caution that whatever route you take, be consistent to each and every tenant because if you say one thing but do 2 or 3 things, courts will not look positively at you for inconsistent practices.If/when you need to find new tenants, be sure to have your own application, use the GBREB forms, and I've used the smartmove background/credit check online system multiple times with much success.BTW, you will find multiple opinions of what to do or not do... neither is right or wrong, everyone has their own system that works for them, so you will need to make that choice on your own.  

Try answering the above questions and then I can see if I can imagine a manner for you to proceed.

As always, check with an attorney for your specific needs and make sure the foreclosure process is performed with all services and notices property performed and documented in the special proceedings file... per the process defined in your state's laws.  

Hello everyone, I was looking for advice on how to proceed on a potential buy & hold property I am looking at.