Don't focus on the rent money...the damages and aggravation will cost you far more in the long run if you don't take charge of YOUR property.

No charge if you agree that when you do deals you will bring them the business (closing, title insurance).

See if there are any possible water liens, weed abatement charges and other such things.

donflips -- Thanks for the motivation.Yeah, I found out from public records that this house is owned by Washington Mutual and yesterday their shares took a dive of 17% in addition to the annoucement that NY attorney general may bring charges against them for pressurizing the apprisial companies to inflate home prices.I just keep looking for any reduction in price and sadly the place where I live there ain't that many reo which sit for more than 4-5 months.

It is not the same as pooling funds where 1 person is in charge.

We have had a problem with the renter paying the rent 5 to 7 days late every month so we tacked on a $35.00 late charge after 3 days late and changed the due date to the date they said that they would be more comfortable with.

Because the trustee sale process is faster than a court ordered sale the lenders give up the right to a deficiency judgment.

Down side is that banks will charge you higher interest for mortgage.

I got into it by accident as I got sick of my guy doing crap work on MY tubs and tops and charging a fortune.

The investor can take charge of the deal, and just cut the beginner 20-30% of the money made.