It's our way of contributing to solutions.Absent a way to set the narrative, the default narrative is to blame "us."

In reality it doesnt matter and by the letter of the law you can evict anytime the tenant defaults but like I said, every judge is different so anything you can do to give yourself a stronger position will help when the time comes.

Moved in 1999 and used it as a landlord by default rental.We did several things wrong, particularly with 1 bad tenant over a 2 year or so period.   

Also I would highly suggest you structure your deal as in when you are closing you are receiving the deed and everything is under your name, and the seller is the mortgage holder, this clears all the issues with you paying insurance or property taxes, also if you default on the loan the seller can foreclosure on the property and take it back eventually.

Selling on a wrap or L/O, and structure the transaction such that the other side will default, that's fraud.Now you have to think in multiple dimensions. 

There’s USUALLY a check box that says in the event the buyer defaults they will be either A) responsible for actual performance/costs/losses however it’s worded or B) limited to the amount of the EMD.

My lease defaults to this if a new one is not signed. 

Also investigateate the title carefully especially if the foreclosure was by default.

That means should the asset for whatever reason not fulfill the debt obligations if the loan goes into default, you are personally responsible for the shortfall in the difference.

By default, PSEG has been charging me, the owner who is an owner occupant in this multi-family.