I wasn't implying that the file just sits on someone's desk for 3 months collecting dust.Best,Allen

Then you have to hire a lawyer and show your proof that you had an agreement and proof of payment.No owner is going to add you to the deed unless you have satisfied an agreeable amount of funds to transfer or add ownership.

Not exactly on topic, but if you dad is making that much money, and he just started collecting ss, there is an option to pay back what you took from ss and suspend his benefit until he is older. 

These are annual amounts collected over a period of years to cover the replacement of major capital items such as heating and air-conditioning plants and units, electrical systems, roof's, etc.

Much more rent is collected from a hotel.To give specific examples, there is a $4,500,000 hotel for sale in Orlando, FL that profits $1,100,000/year.... there is also an apartment complex for sale for $5,300,000 that profits just $540,000/year.How do these two types of properties act in a recession?

In my location the landlord can collect a security deposit not to exceed the equivalent of two month's rent, and as much prepaid rent as the tenant is willing to pay (but it has to stay in an escrow account until the rent is due).I was looking for pros and cons for both options and you gave them to me, thanks!

That's why supermarkets have so many slip and fall claims, they have the duty to protect the customer from injury in most states, meaning just the fact that it happened is proof of negligence.  

I feel like I should at least be making some cash flow, but after the mortgages are paid, PM collects her fee (8%) and any repairs,maintenance, taxes or insurance are paid, I'm left with no extra income. something seems amiss here and when I ask PM she says this is normal and to be expected the first few years of owning rental property.

And then stay out of the market during the last six years of the cycle and maybe buy something recession proof like tax lien certificates out of state. 

Proof of funds from the bank would help encourage the sellers to give an extension.