They then said they sent it to the prior loan holder and said it was sent to them prior to my assignment being recorded2.

I invest in LTRs, usually that need to undergo major rehab prior to being converted into LTRs (not a flipper, fix & hold).

Certainly, one, as a lender holds most sway PRIOR to issuing a loan, where one can impose/require all of these safeguards. 

Usually partners, capital partners want to see prior performance before being a debt or equity partner. 

Before investing any money, I would make sure you get the answers to these questions as well as understand what the sponsors prior track record in investing in these types of properties is.Good luck!

Every state is going to be a little different in terms of forms and procedures, but expect any buyer who is represented by an Agent to include a request for you to pay some or all of their agent's commission with their offer just like they would have prior to the NAR settlement.

For example:- "1 time $129 non-refundable set up fee paid at lease signing"- "non-refundable pet fee of $200-500 per animal applies to all pets & must be paid prior to or when you pay your first month rent"- "$30/month required resident benefit package" Just my two cents.

Good news is that he historically has paid on time and when late, paid the prior months + the penalty.

Because I came up with an ARV of only $550,000, based on comps that sold 3 months prior located in the same subdivision as the subject property.

.: Olympia WA just passed an assistance program for certain minorities if they can show they have roots in this state prior to 1968.