During the inspection process, appraisal, etc. you're going to become very familiar with the tenants and should be present during these procedures.

The actual federal RESPA laws that govern closing procedures actually state that the buyer is entitled to pick whatever title company they want since they will be living under the title insurance, but most people don't even know that or care.

I don't think it is illegal, but I think you now have to have some kind of license or something, and you have to follow specific procedures.

When the homeowner takes out the loan, the lender will make sure that these procedures are in line during the application process.

I don't deal with state tax liens much here in Texas (there's no state income tax) so I am not sure the procedures for them.

If you have a license then there will be more disclosures to make, procedures to follow, and extra liability on your part.

Here's URL's for two:http://www.hoatalk.com/Home/tabid/36/Default.aspxandhttp://www.ahrc.com/new/index.php/src/newsIn fact, on the first, there is now a subject called:Sage advice on HOA and Condosthis is a quote from it: "...I recently received a note from our manager, in response to a request for some condo business forms and procedure.

I didn't end up having to do it, and I'm not sure what all the procedures would be.

However, this dramatic step is coupled with a dramatic reward: lenders can claim additional benefits if they can show they’ve followed all suggested procedures.

Most are fimiliar with the banks procedures and can get things done quickly.