Here is my rough draft...1) Setup an LLC in Colorado owned by my Dutch friend 2) Get a tax number for the LLC3) Setup a bank account for the LLC4) Transfer the cash from the Netherlands to the LLC bank account5) Find a property and make an offer from the LLC6) Give POA to an "agent" to close on the property7) Sign an agreement with a property management companyWhat am I missing?

I'm not asking you to tip your hat and reveal any info that could be used by competition.If you pull up the actual recorded deed that transferred property into trust, determine if the grantor was previously in the chain of title.

However, the existing bank will not let me transfer the account to another branch within their network unless I visit in person, which is not practical.can anyone recommend a bank that caters for non-resident customers?

For example:Landlord A - I want to transfer my 3 properties to a PM that actually answers the phone and responds to my calls.

County assesor was able to find some document numbers on recent transfers, forwarded me to the document department.Got some info there, of a company called Champion Mortgage.

He also told me that what I can do is go through with the current loan using my name and use a quick claim deed to transfer title after I close.So, who is right?

If it goes up or stays flat you win. 2) For tenant options, I use a Contract for Option, which transfers no ownership benefits to the tenant and they can be evicted.

IF you do not meet to sign the lease or they do not e-sign at the time money is transferred you do not legally have a contract and the tenant can cancel demanding all their money back at any time (the day before or after the lease would have taken effect).You need something signed, it does not matter how it is signed.

----------For our tenants, we provide a move-in packet that contains these enclosures: Welcome letterRental Agreement, Property RulesLead-based Paint Notice & Information BookletMold/Moisture Notice & Information BookletMove-In/Move-Out Inspection ChecklistUtility Transfer AgreementMaintenance & Repair Request FormFire Safety BookletEmergency Preparedness BrochureRecycling/Waste BrochureUS Postal Service PacketEnd of Tenancy Move-Out InstructionsWe're in the process of creating an Orientation Notebook for each property that would contain information on use and care for the home.

Under their master servicing agreements, servicing companies are required to pay taxes (and make payments to the investor, by the way) even if no mortgage payments are coming in from the borrower, until such time as the servicer decides to transfer the file to foreclosure department.I would think that if a residence has delinquent taxes, it is an older mortgage with significant equity, unless there is a large second on the property.