That being said I have decided that I'm going to start a property management company.Now as the title says where do most PMs fail.

And I can't believe I can't say I have the tax lien and am about to foreclose and would rather pay them then the courts if they aren't going to redeem and want to quit title.  

Schiano Do you realize if you do this yourself you will not be able to get title insurance?

Check with your title attorney too to see what they will accept in Arizona. 

You can't convey clear title to the buyer and there is the due on sale clause that may be called by the current lender.Getting at the $130-150K of equity will be challenging without selling the property outright.

If you are dealing directly with a homeowner you can search Google for a "Far Bar As Is" contract or your title company may have blank forms that they are willing to share. 

You are also going to have to quite the title which takes time and money.Thanks,Mike

We are just refinancing a loan.Here’s how it works:You create an LLCYou buy a homeYour LLC gives you a loan for the homeYou file the deed for that loan at the county courthouseYou use the money from the LLC to buy and fix up the propertyOnce the property is completed, your conventional lender comes to refinance the loan Your conventional lender runs title and sees there is a loan.Your conventional lender refinances you into a new loan, and cuts a check to your LLC in the amount of 75% of the value.Please don't confuse this 75% with a "cash out" amount.

You need to see the title commitment or legal addresses to understand if there is a recorded easement for access.

Your name is not on any public record, contract, title, etc.