Originally posted by @Jayson Portier:@Don Konipol she said that she included the home in her bankruptcy and that she no longer has access to the home What the borrower may have meant is she is giving the bankruptcy trustee acknowledgement that she no longer wishes to retain the property.

If you think you can, I'd still raise the rent by as much as I could (while still retaining them).

All that work helps me retain what I need to know to do this effectively (to my own standards, that is!) 

I am enjoying it so far and absorbing everything, but since I don't work in real estate regularly, I keep wondering how I can apply  this information in a hands on scenario in real life in order to retain it all more efficiently.

Sure whomever you hire might say "that's flat out unenforceable" the other attorney is going to say, "no way that's iron clad" and that's after each party pays them their retainer and they review the documents.

You can save some money by changing the valuation, but you'll retain risk.

Often, you can agree to an interest bearing account with interest retained by the holder for maintenance of the account and bookkeeping expenses, the account may not be required to be an escrow account by the depository but will be on your books.

Research has shown that learning and retaining the information you've learned is dependent primarily on you carrying out the action.

A competent and experienced contractor will pull all the proper permits first, they will not fool around as they want to retain a good reputation with the municipality if they expect to continue working in that respected city.  

The property will be rented to Applicant on a ONE YEAR LEASE basis at a rent of $995.00 per month, if Applicant signs Owner's written One Year Lease and pays Owner the first month's rent ($995.00) on or before MARCH 20, 2011, in which event the holding deposit will be applied to the Security Deposit.Owner and Applicant agree that if Applicant fails to sign the Lease Agreement and pay the first month’s rent ($995.00) on or before MARCH 20, 2011, Owner will retain this holding deposit to compensate Owner for the inconvenience.A PRORATED AMOUNT OF $385.20 FOR MARCH 20-31, 2011 WILL BE DUE APRIL 1, 2011 AND STAND AS APRIL’S RENT.