You could set up a management agreement with your LLC as the PM and it could collect rents and pay the owner, but since they are seperate entities, your LLC could be required to meet PM requirements inclusines a real estate license with all memebers.I'd think that the owner would want to take the depreciation on the property and expenses to offset rents.

It is probably a bigger rehab than I want to tackle at this stage, but I thought it might be a good one to get some paper practice on since small commmercial is one of my goals.

Sending photocopy of check (or scanned electronic copy) is common practice.

The purpose of Dodd Frank and the Consumer Protection Act is to put an end to the risky lending practices that fueled the financial meltdown.

They are so focused on getting rid of their problem, what you do with it isn't really important to them. 2) If you are collecting a"Finder fee", you are generally not putting it under contract.

Takes practice and experience, it will come with the more properties you look at and deals done.

Turn in strategic defaulters and people who buy junior liens at auction and stiff the senior liens while collecting rent for the property.

Step by step, how does the process work out and when it comes to collecting my assignment fee how does that play out as well?

I had a debt collection company (a single member LLC) that wasn't making enough profit to warrant its continuation.In any case, assuming I had my last house for 2+ years, you're saying that two exclusions within 2 years is possible in some cases?

I think overall, it's kind of tough to collect on.