They've informed me that there were intentions of a will, but never one that was formally signed and notarized.

Rather, cities can scroll through lists of properties, some of which have prices because they are formally listed for sale and others that have no price yet, and contact the bank about interested properties.On a case-by-case basis, the bank will come up with a price or offer the home at a price lower than has been advertised on the multiple listing service.

I'm leasing a nice place downtown, going back to formal school for a web development degree and have my eyes peeled for slow and steady investments.Cheers!

Thanks, Minnesota is both a judicial and non-judicial state.

I've seen this done for apartment buildings, too.I'd try to formalize the agreement as a master lease with subletting allowed so that you don't get accused of bring a property manager without the proper licenses.

Your DSCR value sounds a bit high in what you've reported, most lenders would be thrilled to see one over 1.5 right now; you're probably not in a formal due diligence window but the numbers you've been provided on the expense side might be a bit low......

CA Law is to offer free credit report to consumers once a year (each credit bureau) - so technically, CA consumers get to have 1 credit report every 4 months (1 FREE report from each credit bureau) - If used judiciously... ;-)Have only ONE credit card and payoff every month.

We know where we are going for 2015 but want to formally define our business development strategy. 

Basic agency law.Next thing most investors don't have a clue about, is that state real estate commissions, cease and desist sit orders and fines are not necessarily a judicial matter to be found in court cases, regulatory agencies have administrative authority to deal with violations in administrative hearings, which may or may not be made as public information.  

Some judicial states take forever and costs a lot of money.With lending you have the return on the interest rate and your velocity churn with the points.