Does the bank have any obligations to inform me and the tenant on planned auction date?

Feel free to direct message me and I can pass on their information, they would not mind speaking with you.

You will never know everything, but you need to know enough to make an informed decision that fits with your goals and your level of risk.

If that is the case you will need to hire a property manager who will likely charge 8-10% of the monthly rental income.

Gross negligence often comes in the form of folks just not understanding fully their policy and most are not going to hire a lawyer to read over the insurance policy hence we like doing the additional asset protection.

Here's a simplified and effective approach: Gather Information: Obtain details about the property, including its purchase price, estimated rental income, expenses (such as property taxes, insurance, maintenance costs, and property management fees), vacancy rate, and any financing terms (e.g., interest rate, down payment, loan term).Calculate Gross Rental Income: Determine the total potential rental income the property could generate annually.

Today We’re Talkin:- The Weekly 3 - News and Data to Keep you Informed- New Inflation Numbers, UP- The President’s New Housing Proposals are Problematic- The Bottom LineThe Weekly 3: News and Data to Keep You Informed- December Jobs report was revised 35% lower: 229,000 jobs added NOT 353,000.

And saying you will send an LOI without having any pro-forma information is probably producing an eye roll and a push of the delete button.

Take the time to carefully evaluate your options, seek advice from financial professionals or experienced investors, and make an informed decision that aligns with your financial objectives.

Noah, I appreciate the information and tips to navigate the website its very helpful.