Examples:January electric bill would be named "2018-01-25 - Shocking Electric - 123 Sample Street - OWNER" (because it's an owner bill, not a tenant)Lease for Jack Squat: "2016-02-01 - Lease Agreement - 123 Sample Street - Jack Squat"I follow this basic pattern for managing over 300 rentals and it works very well.Another great tool is to use a scanner with OCR software.

I'm dumbfounded and jealous. 3.75% is basically a gift.

Many are legal, some are probably not so legal, some are probably specifically prohibited - so for sure you need to speak with an attorney about your strategy before you dive in.If my memory serves me right, it's what armando built his first guru program on - maybe it was his hair, or his smug attitude, or it was just him... but everything about the "subject to" thing rubs me the wrong way.The entire concept, i believe, really is way beyond a basic or straight-forward deal, and also puts your client in a fairly precarious position where the note could get called at basically any moment, and if they can't pay off the note (which they can't, hence the agreement to the subject to) they just defaulted and are now facing foreclosure - In fact, I witnessed this exact situation today on a $12mil note that got called in UT county.

@Senthil Akasham....not familiar with M453 sale...... can you give a basic rundown of what you did?

So according to my PM, the house is totally uninhabitable, but that may not be what the insurance assesses.

I wanted to clear a few things in case It happens again.In a deal like this, how do you guys deal with the HOA, meaning, do you investigate about active/potential special assessments?

So eventually, a basic level of standard comp analysis will be required. 

(I assume this would be another loan, which would be pointless to borrow against your own profits, basically depreciating the appreciated profits by borrowing against it).

Basically, enforce rules for the common benefit of residents....your cash flow is not their priority.

@Tyler Biekert  a mentor is a good does but make sure you do a lot of self educating first so you understand the basics.