And if for some reason you decide that you're not going to charge the tenant for whatever reason those late fees you technically the landlord or the first one to breach that contract and you could have just voided that part of the contract by setting a precedent and possibly void the whole contract depending on how the judge determines it and the judge interprets the law. 

Good morning, Bob Collet, and thank you very much for your answer.I went there two days of sharp at first seeing the neighborhood looks pretty quiet, a lot of elderly people who occupy the houses and I also went there at night around 9pm and he looked as calm but you can’t judge it in two days. 

I'm not certain but if you have a bullet proof paper trail on the funds, I wouldn't see why a judge would care whether you own the property now, or in the past. 

I want to work with/for investors who will have patience with me as a "newbie" and not judge me prematurely. 

If they, through their attorney, have not declared any intention to file suit you may still have time to purchase or reinstate your PUP and have it be effective.

Be careful in midwestern cities also as there can be more differences street to street, it's not like CA where you can almost judge an area on the city level.

Judges want to see evidence of value if you take it back as REO so have your attorney bring a recent BPO to the hearing.

Other than presidentially declared disasters the 45/180 day deadlines are hard.

We will have a better idea in 2 days but judging based off of the outside, house is in good condition.Existing mortgage: 120kCurrent Rents: 1,375mnthCurrent Bills: 1100 a mnthCurrent interest Rate 5.5%Avg area rents: 1,600mnthAny advice would be highly appreciated.

@Daniel Judge Lilley Ave?