Just trying to mitigate those risk as efficiently as possible.Best,Alex

What's the best way to communicate?

@ Tim Saboha you must not have ever read any of the previous lazy landlord postsThe series is mostly dedicated to the novice DIY person Strategizing how to tackle jobs that are do able but can seem dauntingThe first where I painted one of the same houses that I am now considering farming out.The lazy in lazy landlord is tongue in cheek.Although I am prepared to do what I can in a property as I acquire more It becomes less efficient So the series evolves as my business model evolvesPerhaps I will paint some and not othersAnother thing to consider A great painter can make a house look stellar where as a novice can make it look quite cheapI have an extremely high standardMy apartments usually are the best in town for the money.My profile pic is my latest apartment By the way I did the floors.So don't take me too seriously In just doing my part to share my experiences in he forums 

I assume this will force him to communicate with the mortgage company again which is what he is afraid of.thanks for the responds too, much appreciated.  

From what I have gathered, the current owners aren't managing the property well and that's why the rents are so low (they done speak English so its hard to communicate). 

I look forward to communicating with you in the near future.

If you aren't tracking your communication with people (or at least scheduling it) you're probably missing out.

Josue Castro if I am not mistaken from what I heard, worry about getting a deal first and then concern yourself with the contract....Then, my guess would be attend your local R.E.I club and see what lawyer they use or recommend and then Communicate if you can assign or double close depending the state

In the agreement includes clauses of timeline completion with penalties for late completion and the fact that they need to communicate when they will not have at least 2 crew members working on site working and it can create conflicts with other trades such as electricians, HWF , carpet install, etc.

But you have to be able to haggle efficiently.