To make matters more complicated there is a non- owner living in the house.

I wanted to know if someone have a due diligence checklist for non performing notes they would be willing to share.

non-rei if possible)  that could help introduce these ideas to him?

Additionally tenants that pay late more than a couple of times should be given non renew notices.Excessive late fees may help somewhat but the reality is that your tenants have been trained by you to pay late.

How is the rehab scene in centrally valley - it looks like cash flow is almost non existent ?

The non-cash out LTV on a refinance is also 75%.

I done that for several years till I went to work after retirement for a non profit that provides full coverage as a benefit.

As another side note, I have a very stable, non real estate related job, but am looking for opportunities to take a more active role in the real estate industry.

I need to kick my current on to the curb for not understanding the market and being non-responsive.

Is this clause Actually in your purchase contract, or you just thought it applied to non foreclosure actions?