You will then own the property 100% and have the deed and mortgage under your ownership.

I've been doing a lot or research and there seems to be several companies that "control" dozens and, in some cases, hundreds of properties.For those involved in the Short Term Leasing niche, are you focusing on ownership or managing other people's properties.Just curious on what other's are doing to have so many properties under their belt. 

If they can’t, you get the to keep the 10% and full ownership of the house again.

I used to prefer 3/2s but got a great deal on a 3/1 in a nice neighborhood so I bought it and it has been the best performer in my portfolio.I discovered what probably isn't really a secret to most that the 3/2 was superior to the 3/3 in terms of lower initial rehab costs, lower maintenance costs, less potential problems during ownership (1 less bathroom is 1 less set of problems with drains... etc...).

Yes, their ownership would be adjusted/compressed based on their original ownership stake and the exact formula would be shown in the OA.

I think it both saved them money and helped them establish some ownership of the house.

Next step is to check status and ownership of boarded up properties, look at comps and rental rates in the area, drive the area at night to see what kind of activity is going on and walk it during the day and strike up conversations with residents about the area.If one doesn't wish to run with the pack and fight the competition, there's much more to it than just running numbers and putting in offers.

My parameters were pre-foreclosure, 40+% equity, single family residential, 7+ year ownership.

My friend just talked to me on FB and said "Sean Wagner Depending on the type of real estate most surplus lines insurers can write you a property & liability policy for all your locations/rental dwellings, assuming common ownership of all properties under the same company/llc.

But what is the owner's incentive to hang onto the property for another 30+ days, carry all of the liability of home ownership, but not be able to live there?