We're just looking for cleaning, not property management.We do need folks to either launder linens or take them offsite to launder, but need to keep the price reasonable.Many thanks in advance for any feedback or referrals you are able to share!

Paying 30% would not be a problem, as long as I can invest leveraging the high score. 

@Tejani Jeet BhaveshThe debt does not go away it is just unsecuredIf you are a borrower and get foreclosed on if the debt is not paid off it does not go away - it is just unsecuredOnly way for it to go away would be pay it off or bankruptcyYou are seeing a lot of articles on zombie loans where people lost homes or kept homes but were underwater and old mortgage lenders are coming back after them as the debt is still valid and they thought it went away

Folks sometimes think you can make as many loans as you want from your own funds without a license, that's not true, you need a license if you make 8 or more. 

They’ll determine best route in how to essentially to pay the least amount in capital gains, should we sell, 1031, invest etc. being attorneys they can do a little more than CPA’s my research says. 

My #1 property management customer are folks just like you - built a spec house, can't sell it, and want to make it an annual rental to stop the bleeding.

I know  folks are taking time out of their day to provide thoughtful responses. 

Maybe bankruptcy, maybe slow courts or laws over Covid, maybe owner missed a payment and started paying again, but one payment behind, maybe trying to do a workout, maybe some environmental hazard with the property that they want to take ownership of it.So that would be the first step....find out who owns it.....individual or LLC or now in lender name.   

I'm not in the midwest, but I do not pay a full month's rent. 

You can just put 5% though the number needs to work as you will need to pay a PMI.1.