They will put it in escrow and release it in parts as you reach certain points in the rehab (and prove it with invoices and pictures and what not).

Loosing 1 month of rent (never mind paying commission to get a new renter) would lower your annual return to 5% and 2% if you have to pay a commission to re-lease it. 

Catch boxes will be installed every 6-10 ft and the drain will have to run until it can get lower than the house where it releases the water through a pop up drain. 

Usually clouds on title cannot be removed except by deed, release, or court action.co-borrowerIAn additional individual who is both obligated on the loan and is on title to the property.collateralIn a home loan, the property is the collateral.

Update: We have requested a mutual release of contract due to fears for my and my children’s safety since I am the property manager and complete most small repairs myself having my child with me. 

>I'm not sure why your using an out of date source (Forbe's 2016)I used the 2016 source because Forbes that year released an article where they did the math indicating what percent of the billionaires had significant RE holdings. 

I "released" two property managers. 

.), we will sign a simple lease cancellation agreement, coordinate the payment and move out and we're both moving forward, tenant being released from the lease and landlord looking for the next tenant.

Unless released by either party that money sits, no matter how right or wrong either side is!

Either way you go, make sure all work is done right and always get lien release waivers.