I would NOT sign a non-compete.......you want to be in busness for yourself and not controlled by others.

Because they have a lot of income from a non-real estate source; they want the tax deduction; they want a nice vacation spot for themselves; and they are speculating on future appreciation.

If the insurance is not escrowed with payments, just cancel the old, and get a new, as described above.As long as the asset/colllateral for the mortgage is insured, the lender is protected, they don't care what company you use, or who holds the title, especially if its in a trust.As long as the house is insured, payments are current, you'll have no issues.Sadly, many people THINK changing insurance causes issues with the lender and the title change.However, after YEARS of subject to investing myself, as well as thousands of discussions about this method, I have yet to have a single person back up that claim with proof.Besides, bottom line, at the moment, lenders have other issues more pressing than messing with a PERFORMING account/loan.When you get new insurance, make sure its fire and hazard, and includes liability, rental dwelling/non-owner occupied.

Please allow me to apologize ahead of time if I have put this in the wrong location.I have an opportunity to purchase non-performing notes.

I'll give you one that tested my soul.I had to evict a young mother for non-payment.

Can you specifically explain how you avoided/circumvented the current standard seasoning of 6 months for a NOO loan (non-owner occupied)Have you had success flipping to a retail end user and avoided seasoning issues of the standard 3 months on FHA loans?

If I am going to hold a property for a tenant, I make them put down a non-refundable deposit (which will become the security deposit when we sign the lease) and sign a "Deposit to Reserve Rental Property" form.

I asked about treated lumber, the fellow said not a good idea, in case someone skins a knee on it, stubs a toe, etc. because of the chemicals used.

Altogether, this is a very interesting letter and one that is written from a non-US point of view that I think you will find instructive.

I get disgusted each time two non-relevant (in my opinion) topics get brought up in elections.