An estoppel letter is typically used in a transfer or conveyance of real property before the Closing transaction.It is a document sent to a bank (or other lender), from a homeowners' association (or condo association), to a city/municipality, or a tenant requesting a payoff of a mortgage, assessments or taxes due, or rental amounts due on a lease, to incorporate these amounts into the Settlement Statement for the buyer and seller of the real estate.

I have been involved in many facets of RE for the past 30 years from small rehab projects as a general contractor to a commercial property conversion of a summer rental cottage colony into a homeowners association.

Instead it was because they were taking on lots of challenging endeavors, looked professional and were closely associated with some successful investors.

But, investor networking and inexpensive weekend classes with highly regarded active investors (who come recommended by other veteran investors) will yield a better return on your time and educational investment, in my opinion.Joining an apartment owners' association which advocates for and assists landlords has also been helpful to me.

Our association is financially very healthy with 100% paid receivables for 6 years now, but that is very very rare.

You can look to several options in the non-profit area as an educational association, is what I'd consider first.There are special rules for associations and limits to business conducted.

Although from what I have read, a threat of a complaint may make the Realtor go away.

TevisThanks, but this doesn't touch on many of the risks associated with installments.

You have to be a member of National Association of Realtors to check it out.

Some people don't realize that normal insurance won't necessary cover all the risks associated with rooming houses.