., is it enough to go to court over?)

This is not a good structure and a recent court case pierced a single member LLC stating that the single member LLC was simply an alter eqo of the owner.

Because most lower courts don't understand trusts, you will be spending far more on legal fees if you have a problem than your deal is worth most likely.

ncskier,The operating expenses include taxes, insurance, management, maintenance, vacancy allowance, advertising, entity maintenance, legal fees, utilities paid by the owner, damage done by tenants (beyond the security deposit), evictions, court costs, lawsuits, office supplies, phone expenses, etc, etc, etc.

The last know address for two of them came from court house records.2.

Tax appraisals are a very general indicator and normally should not be trusted for determining value.Recently sold (less than 6 months and sometimes 3 months depending on the market) comparable houses (similar square footage, bedrooms, bathrooms, curb appeal, and amenities) located in the same general area (normally within a mile or less) are the best way to determine an ARV.

If you have a contract with the seller and they break it then you can sue the seller for specific performance, damages, and possibly the buyer for breach of contract.Be aware that as a birddog, a Non-Disclosure contract is most likely not legally enforceable in a court of law.

Do not shut off the utilities The courts do not look kindly on what are called self help evictions.

Operating expenses include taxes, insurance, maintenance, management, advertising, vacancy allowance, entity maintenance, evictions, legal fees, utilities paid by the owner, damage done by the tenants, court costs, lawsuits, etc, etc, etc.

I'm met with the following resistance.Mom:I want it sold and out of our names.It's too much of a hassle.I'm afraid that someone will get in there and trash it, and then we'll be out the money trying to fix it.Dad:I need my credit to be better.I don't have time to take people to court to get them to pay the rent.I want it sold and out of our names.I don't want to be stuck making the payments while it's empty.I've told my mom, "Expand your mind a little, you're stuck in the middle class trap, you're caught up in the rat race!"