Also, my tax bill was super high this year since my property didn't really require any maintenance last year, and this would be a beneficial write-off as it would buy back time and ensure a quality property.

They need to bring you a certified check today and pay in full, including late fees and everything else owed.

Other hidden costs you need to consider when evaluating HM lenders:-Applications Fees-Administrative Fees,-Commitment Fees-Underwriting Fees-Origination Fees-Loan Servicing-Rehab Draw Fees-Inspection Fees-Interest paid on undrawn rehab budget?

,When you 1031, you carry your adjusted tax basis from the old into the new. 

This can be in the form of cash, paying their agent fee, part of their moving costs, etc.Remember, the goal here is to end the lease peacefully and legally, respecting both your rights and those of your tenants.

Of course it’s not as simple as it appears.....lots of hidden costs, taxes, insurance, preservation, etc. and much depends on the jurisdiction as to length of foreclosure process. 

Enter recurring charges and automatic late fees.

Yes water and sewer are commonly paid by the owner, but you can always charge the tenants a $75-$100 water surcharge fee every month to help offset some of those costs.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

The purchase price is around $2m and tax assessed value is around $1.3m.