Do NOT get one associated with Community Associations Institute (CAI) or any of its offshoots.

I did not think leasing fees were appropriate when I started my management company, but later I discovered that it really is quite expensive to fill a unit.

To protect themselves from such occurances, many are now instituting polices such as the response you received.This is exactly why I say that to have the most success with REO acquisitions, you must be all cash and be able to close quickly.

By instituting penalties for delays in your contract and by paying draws only after the work scheduled is complete.

Bank fraudWhoever knowingly executes, or attempts to execute, a scheme or artifice—(1) to defraud a financial institution; or(2) to obtain any of the moneys, funds, credits, assets, securities, or other property owned by, or under the custody or control of, a financial institution, by means of false or fraudulent pretenses, representations, or promises;shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.It would be nice if consumers, i.e., individual tax paying citizens, in this country were afforded the same level of protection as our financial institutions.

If the IRS audits and it is discovered that they were not paid correctly two years ago, then you are liable.

Hello Everybody,Today I discovered a particularly alarming mold growing on a window sil in my house.

I've only just discovered this forum last week, and can't believe the wealth of knowledge and sharing that I never knew existed!

I'm just talking money here, not warm and fuzzy feelings.When you add to this the devaluation of our dollars and the difficulty to borrow from lending institutions, there is simply less real wealth to go around. 40 years ago, 1 mil was a great goal-with $.25.9 per gallon of gas, $.18 Mcdonalds burgers and wonderful homes for 45K.

As a landlord/investor, I have multiple properties in numerous states, high credit, 6 figure checking account, have never missed a payment or even been 30 days late, but because I am self employed, I am considered the most risky borrower and therefore cannot qualify for institutional lending.