The landlord shows the possession order to the cops and asks to have the tenants removed for trespassing.

Seller is out of state, recently came into possession of the property, and is highly motivated, so he agreed to the appraised price.After the amendment was signed and returned, the loan officer called to inform me that the underwriter is requesting some inspections based on the appraisal.

In my state, I am allowed to take possession of whatever was left behind.

Early possession may require the PR to post a bond, which would be an expense to the estate. 

If the buyer defaults on the Note, the owner of the NOte has the legal right to foreclause to regain Title and possession of the property. 

I wouldn't call a probate lead or pre foreclosure lead a niche investment strategy if all you do is buy it in a straight sale agreement.I have some other strategies:Buying partial interestsBuying heirs interests in estatesAdverse possession and gaining title via quiet titleBuying property subject-toStraight OptionsBuying debt to turn into foreclose-able judgment liensI've done four out of the six above.

Possession is accomplished with a lease. :)

Hi Patrick and welcome to BP.I always like to say that good deals can be found anywhere in the US.Its harder to find the right people to do the deals with lollolWe are based in Ohio and are finding some amazing undervalued properties.Ohio and Michigan possess stigma's due to higher than average unemployment and "declining population".I do believe that these 2 states have lots of potential as soon as manufacturing jobs return to the rust belt.Indiana, Kansas, Missouri are some other sports with great numbers.Thanks for reading and have a great day.

Anyway, the major "con" for me is that low income properties will possess more headaches w/ evictions and maintenance.

With the mortgage deed legal title is held by the bank and the party possessing the property has equitable title up until the loan debt is paid.I forget that a lot of people in this forum are from other parts of the country where the mortgage is an actual lien on the property where the owner has legal title.On a side note I am thinking about buying your book on flipping houses soon.