A sub-servicer can be put in place easily for collections, that does not eliminate liability.The reason I guaranteed the notes originated was two fold, obviously it was a profitable venture, but it also eliminated most, if not all, of the risks of origination.Many investors seem to think you can eliminate risks with disclosures, not true, you can not perform professional services and declare that you are not responsible or that you lack expertise or simply warn your client of dangers, those providing professional services are liable for what they do.Specializing in seller financed "property management" (not sure how you see that as if you are collecting rents) is a loan servicing function.

It's a dangerous bite as Mr. 

In addition to the holdback I would get in righting that the rent automatically changes to something well over market a month (or day) after the agreed on period.What you want to avoid at all costs is the seller having any economic incentive to stay.Most dangerous when you see "subject to seller finding suitable housing..." lots of people really don't have a plan and are shocked at the new price of things and get cold feet.

Never invest in any city on Neighborhood Scouts' list of the 100 most dangerous US cities.High operating costs - Every penny you lose to taxes and insurance decreases your rental income.

Often a buyer who becomes tenant doesn't love the house once the disposal breaks.Wrap around is dangerous for you the seller.

Plus, if you let her take this shed, you're allowing her onto YOUR property to do something extremely physical and potentially dangerous--which exposes you to a massive amount of liability (and unfortunately, some people would even take that as an opportunity to falsify some type of injury and file a lawsuit against you).At the end of the day, you should consult the relevant laws and the contracts, and then follow what they say.Good luck!

I guess I know just enough to be dangerous. ;)

Either im in left field or I have stumbled into "big league" territory.

Im in the process of lining up the workers to begin repairing the problems, but without both the inspector and the contractors I would have either gotten a dangerous building, or not gotten a deal on it.

Yeah you should keep your eye out for it but you should also pursue other routes the danger with this one is that you will just keep spinning your wheels while not getting anywhere as you watch the world pass you by.5.