Another thing I've noticed with bank owned property - they come onto the market in waves.

Please correct me if I am wrong.

If you want to fix that, go back and file corrected returns and pay the taxes and penalties that are owed.

Correct?

Done correctly, these properties offer fail-proof investing – plus the income (rents) is indexed to regular living costs, which provides protection against inflation.

Of course there is always the exceptions and if you have the ability to buy correctly to avoid/minimize the risk.

I couldn't even guarantee the correct spelling of the tenant's name, let alone other legal information.3) I mentioned that the tenant must have been aware that the owner was out of the country because she used to call me a few days to the end of the month to come and get the rent but this time I called her on the 2nd and she humbly asked mt to wait till Friday (another 3 days).

Right on ...Labradorite Big Blue...correct?

Also, all title companies vary but some may be a bit more suspicious of the assignment if it doesn't Spell it out in print.Bryan- You are absolutely correct in your posting.

The previous poster is correct, and the owner would probably have to have affirmative vote of a certain percentage of owners to form an hoa.