, as long as it's not zoned R22-Residential (https://www.aacounty.org/sites/default/files/2023-07/adu-fac...).

"Pre-foreclosure" is a term that is misunderstood often...it indicates that "lis pendens or notice of default is filed (consider it a lawsuit) until the property is sold."  

you're on the hook if you did the loan as an individual in the event of default whether its an LLC or not (absent some anti deficiency states like California).

You want to get that in place at the beginning as part of the lease's contractual obligations and make it a default condition.

You can try yourself and see if you get lucky and get a default judgement if they don't show up. 

We have had buyers default and we cure. 

Read the part in your contract where it discusses "default"

TAX CERTS are a bizzness not something you do as a passive investor or someone like me who is busy with their core business.. thankfully it was only 30k All that and the SC Hennepin Decision last year now causing states to re-write their laws so that if an investor does somehow end up converting a lien to a deed, that investor may be liable to tax defaulter for the difference between the lien and market value of the property, Tax Liens seem to be VERY MUCH a place where only the big money, interest investors can make it worthwhile.Fortunately, Texas has "immediate" possession Tax Deeds so we keep our focus there.

The Statute of limitation is four years for lienholders to start the foreclosure process after default.

Your state probably has a similar statutory provision for giving notice to pay when the tenant is in default of payment.