Also, if you are trying to do the work yourself, you will need the repair funds in reserve as the bank will not release funds until work is done.

Lastly investment comes with the risk, how does it matter if the most celebrated company on BP offered you a property in war zone or your properties are in that 4% average vacancy and the only property that got vandalized.

If the bank makes you pay down to 75% before they release the need to buy mortgage insurance you will have to pay it down to $165K in order to have the mortgage insurance dropped. 

I've done my reading and practice on analyzing properties and Im more confident than ever in moving forward with the next move, purchasing the first rental property (releases the doves and plays the holy music).

I will be releasing a beta for my site soon, but I wanted to share some of the results for input.

Reason you have that policy is to establish maintenance records so you don't have someone claim that you destroyed or withheld evidence.Wal Mart will not release security video without a court order, that's because others can use their video to prove a case, like an accident.

I reached out to them and still they never responded.Our condo association insurance company offered me a  very small amount and said that they would like that I sign the release so that I won't go after the condo association insurance but that I can go after the Property Management company  Errors and Omissions insurance for the property manager's (at that time - he is gone now) negligence.My question is:  What is the most effective way of approaching this?

@Jim JackI use the following:Seller and me: I sign a letter of intent to lease and option, a lease, an option, I record the optionTBer and me: Earnest Money Agreement for half of Option Fee, TBer inspects property and gets other half of option money plus 1st and last months rent into escrowA new lease and option is created, TBer and Seller sign it, an option release doc is signed, sale and purchase is signed without dates kept in escrow. 

Your goal - and their responsibility - is to ensure you collect 100% of the funds and the terms of the lease are 100% fulfilled.By the by, just because Tenant B moves out doesn't mean they are released from all obligations.

I'm trying to figure out if I could purchase this dept at a discounted rate (since its so old) as a step to releasing there claim to the title.Very new to this but but I'm finding this all very interesting an I am super thankful for any all replies!