Easy to do online ordering and have your people pick up in the store or you can arrange a delivery (around here it costs $79 so you want to make it count...).

What you are referring to is a construction policy  which could run you closer to $400-$500/month depending on several factors such as scope of work, renovation costs, size of the property etc.

We refer to it as a “debt checking” account in the 101 Financial world.

I should also add that I am trying to get something as easy and turnkey as possible.

If you have not found anybody yet, let me know and I can refer her over to you.

Bob, everything your listed is a red flag, people should watch out to.I don't know you personally, but you don't have any references to a brokerage of your PM company, you're trying to tell OOS investors that East Cleveland is OK to invest when it's clearly danger zone.I'm not trying to be cool - just warn people to be more careful what broker to affiliate with.Do you care to share the name of your broker who would manage properties in East Cleveland?

I've seen info online referring to the buyer / tenant being foreclosed on and there subsequently being an auction... do I really have to foreclose on my property and put it up for auction? 

TN does not make it easy to find.I looked & looked and finally found online resources for you!

I believe you'll find this to be one of the finest resources available for improving your real estate smarts and skills.First off, you're referring to a "subject-to" transaction, wherein an investor purchases a property that already has underlying financing on it by leaving that financing in place.

I leaned that from my lawyer who I called to refer me to an “investor friendly” attorney.