(My friend did provide a forwarding address; she did it, as the landlord requested, in a written note left with the keys, so she has no evidence that she did so.)

As others have indicated, being in the 2nd lien position does have its risks---namely, if the borrower should default, you would need to take out the 1st lien holder (pay off the first mortgage) to put you in you first in line (you are right, IRS would take precendence over both the 1st and 2nd lien holders).

Hopefully, this is being posted in the correct forum.Question - In order to provide turn-key property management services in Illinois and Missouri, what are the guidelines and licensing requirements?

These have been on the market anywhere from a couple months to nearly a year, and in some cases have been receiving no offers whatsoever as indicated by the listing agent.

since it's in a trust they do.some sort of document that proves this is a condition that must be filled before the lender will lend.as some have noted, the key to getting a deal like this done is a title company and attorney that have experience structuring these deals.

Since the apartment was on my name, the apartment building claimed they required 3 months notice, etc,etc and took it to court, indicating i owe them those months rent because of the late notice.

ROI when you did not indicate the cash invested?

Or can I just indicate that there is no listing and that upon acceptance of my offer that I would be opening escrow through a title company?

Nate,You indicated " Typically you have to either do a double close or a simultaneous closing " .. since I'm new in the game .. if possible, would you please discuss in details how I would be able to do this ?

The key, of course, is the "good".