Also, it's hard work, it's a lot of stress, and if you're a tortoise buy/holder like myself, nothing is instant and it's a waiting game.   

The COI should name you as a Certificate Holder or better yet, an additional insured.  

Hi, I have a couple investment homes in the suburbs of Chicago that have incredible upside potential for rent to section 8/ voucher holders.

What will happen probably if it is a big lien from a deep pocketed lien holder is that they will fight you. 

I would like help in understanding if a note could be a vehicle for us to get some cash out of a house without selling or refinancing it.I understand a note is basically a mortgage or land contract that someone is making payments on, and is bought at a discount for the value of the payments or the property.We do not have a note to sell as such but do have a property with no lein holders on it.Here is my situation.

Originally posted by Account Closed:@George Voutsinos The seller will be the lien holder, and a great return is good but did you show any proof that you can make the payments. 

He farmed out the property mangement to another PM company, and later the entire investment came crashing down, the bank foreclosed, and the note holders got burned.

That setup has the IRA holder set up as the manager of an LLC that is owned by the IRA. 

Negotiated with the lien holder to get it done. 

Generally the mortgage holder can pay off the taxes and then depending on the exact terms of the note could collect those taxes from the buyer/borrower.