-use a note collection company like www.notecollection.com-get on the original insurance as a loss payee`````````````````````````````````````````When you give an option to a renter, many court judges look at that as a financing arrangement, and California is a pro tenant state.  

I hope you don't have to go court, but be ready and protect your legal standing.

It appears to be a comprehensive resource.

YTD  (1/1/15 - 6/30/15)Collected Income: $27,782Property Management:  $1609 (~6%)Expenses:  $6029Net:  $20,143My Thoughts:Reviewing the Property management statement provided above it appears several tenants are late on rent with no long term tenants.  

Wasnt necessarily talking about an add on the bank would sell you - per my understanding it appears the bank is looking at whether or not you have life insurance in place as part of their underwriting.  

The Buyer acknowledges that the Seller’s title to the Property may be subject to court approval of foreclosure or to a mortgagor’s right of redemption.

But he pays on time and does not appear to cause any trouble.  

@Patty C. make sure you are 'mentioning' people correctly, doesn't appear to be working so people are not receiving notifications for mentions. 

In tax sales, I've found you spend more money on lawyers and court than what you paid for the property to begin with.

LMAO You're the kind of guy I'd do business with :D@Dumitru Anton it does appear that a lot could be alleviated with a better gutter system and also a sump pump.