Occasionally, maybe 10% of the time, the bank will discount the note by 90% simply to get rid of it.

They would occasionally call me and ask if I still wanted to stay in the deal and close, and I would say yes.

Other than the occasional drive by, it DOES NOT INCLUDE ANY REPAIRS OR INSPECTIONS which are charged separately.Some management company contracts give the management company the right to the late fee.

I'd occasionally get a crazy bill because of it.

(see http://www.biggerpockets.com/forums/268/topics/59117-need-3-cash-investors-in-wake-county for an example) and occasionally you find out that a person who sounds like a potential borrower has a long history of defaults and foreclosures under an assumed name or another entity.

As a frequent reader and occasional poster on this board, I value the opinions I find here immensely and thus, wanted to ask the group for advice on how to handle my situation.

But an area where 35% of the tenants are on some sort of social assistance, higher turnover, occasional drama that you would never get in a B or A neighborhood.

Perfect,,  we had 3 story building and bled radiators every fall at start up.. so we were sure all was working , and occasionally would encounter a air block so adding water kept the system up and water circulating properly in the radiators. 

@Benjamin Knisely - we pay water on most of our properties and will occasionally charge $25 higher in rent for each additional tenant. 

This happens occasionally, a defendant files BK, the court is not informed or simply fails to delay the auction. 90% chance the sale was not supposed to occur, you get refunded your money.  10% chance the court validates the sale, you get the property.....you come out whole either way  A side note....if you thought homeowner’s insurance could possibly cover the loss, if there was one, you simply don’t understand how insurance works.....which makes me wonder if you know all the risks with foreclosures, which is Much more complicated.It’s good that you bought title insurance after the sale......but much more important to do a title search Before bidding, as if there is a title problem, you can Not buy title insurance after.