The Mortgagee has the ability to accept or reject insurance in most cases through the language in the security instrument.  

I just say to my LO tenants, you are headed toward ownership, you are a smart and financially secure family,, you'll handle most maintenance right?  

The best way to secure a private lender is to have a Solid Executive Summary for You and Your CompanyYou need a strong Board of Directors, and a good list of previous projects you've completed.Imagine if you were a Private Money Lender, and someone came to you with a deal...

I don't know much about it but her thinking is secure the right to purchase now without having to put up much cash right now.We could maybe put 20K down to help them with their down payment for their new house.But what I want to know is would doing this disqualify them from the loan they're trying to get right now?

@Orlando Paz1 - See if the sellers will take payments.2 - Check a local Investor club (REIA) and see if you can secure a money partner to fund the deal for you.Good luck and have fun!

Now, I'm interested in making additional income for a more secure retirement and yet still have the freedom to dictate my own schedule and manage my own time.No real estate or investment experience at all.....none....at all.

There is the risk that a smaller player like myself would have with going all in and not having the large reserves that one really should have to be in larger multis if/ when the economy tanks.There was a commercial guy that gave a very convincing scenario about buying units and how even under bad circumstances you would be ahead so the bigger players should win in the end.

a few cities have told me that it's illigal for landlords to shut off water in order to make tenants pay rent. i am assuming that they think of it as "inhumane" to have to live without water, i dont know. maybe that's why they can never turn the water off due to non payment.gas and electric is tied to SSN and it follows your credit. cities dont have the time to track your SSN (nor do i want them to for security reasons), hire lawyers to go to court, report to agencies... the cost is too high.

I talked to them over the week end and the most they would tell me is they are a Delaware company, didn't share their corporate name, but they certainly wanted a lot of information from me, such as bank statements, copy of social security card, and a lot of other stuff that I just don't feel comfortable in giving out to anyone that I don't have any kind of relationship with.

The landlord, however, can charge a security deposit (but not a separate pet deposit or larger one because of the pet) and may still seek money from the tenant if there is any damage caused by the animal to the home."