We outline all acceptable methods without instructions in the agreement.  

We all have verbiage in our lease to access the property with prior notice, but putting that into play is something completely different.

@Douglas Larson The crew started the cleaning and it is looking great.Looks like most of the facia board will need to be replaced, the prior owners used some form of painted osb.  

But I can almost guarantee you that the property has 0 equity and I am guessing the loan is under water by the tune of at least $25,000 (though I will know more once I get an authorization letter).This couple, since we have a bit of a prior relationship, would probably give me a quit claim deed.

Whether its when you apply for your business license at the county office; which you may have to provide (a copy) to any would-be client as proof of legitimacy prior to getting hired.

@Jay Hinrichs Interesting post - I think you've given me topic for next week's article :)A few things.I do not pay any attention to these rules - like you I didn't know about any of them prior to BP.  

I require a resident to be fully approved prior to residing in my community.

It wouldn't be necessarily all tied up in one deal.Same thing if my friend wants to send me 100k for me to manage it, anything I need to do prior to accepting the money?

Getting a short sale in contract prior to it hitting the marketplace has become increasingly difficult, government backed foreclosures now require a listing to be active on the market for 5 business days, and require proof of the listing being live on the MLS (Agent Detail Report to be uploaded into the system the day it goes live).  

I have been discussing similar scenarios prior to finding this actual one with friends and the all said if I should them the money it would be a done deal.