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!"

Yes they can put those restrictions on and if they are legal or not you would have to go to court to decide.

The court house?

You do NOT want to have a Partition sale forced by the court--that would be very expensive, so if nothing else, address that issue.

We went to the court house, got sheriff sale list, and looked at 60 properties..

Statement: After looking for a foreclosure, looking at the numbers, not able to view the property because owners will not allow you, and the deal is so good (location location location) you go to bid on it at the court house anyway.Question: What if the property has leins i.e property taxes, IRS (which have 120 to redeem), construction, and HOA, and you pay to quite the title do you still have to pay the leins#1?

Use the same principle here; this is a lot more money on the line and now day’s people love to take people to court.

I plan to type up a document with the court house record info and state my purchase of 50% interest in the property and have it notarized.

So the problem with the NCND is that it is probably not legally enforceable in a court of law.